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RE: The weakness of Hive-Engine tokens

in #tribes6 days ago (edited)

I looked at the link you gave me (I think yesterday) and became familiar with this. It must be one of the reasons why so many tokens are created on Solana, and why many of them attract large amounts of capital too. People who invest large amounts of capital will watch these details for sure. Maybe it's another reason why meme coins are so popular, if technologically they are advanced. Plus, I know meme coins hunters prefer those where the founder already exited and there is no development team. So... basically, the token is entirely in the hands of the market. Not that there's a good thing to have no development...

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When I look at the Meme tokens, I see the classical pump and dump model that is repeating on a daily basis. Some make money but a lot are losing. It's not perfect either but I really don't think that investors should trust only the goodwill of the person that created the token...

I'm certainly not an expert in them, but I read or hear about them from people I know or follow, without actually getting involved by buying any. Those who get involved "professionally" have an entire list of things to check before deciding whether they want to get involved with one or not. And usually they still put small amounts on a ton of them, on the hope that a few will moon and the rest will go to zero.