You know the meme market is in rough shape when scammers who used to easily push projects past $1 million in market cap are now struggling to hit $200k. Power to the people through platforms like https://t.co/LagGqj1a7g has unfortunately led to an oversaturated market. Giving anyone the ability to rug pull whenever they want has diluted the space and weakened it significantly.
It’s going to take more than a drop in Bitcoin dominance to kick off a real alt season. We need to flush out a good number of these scams and scammers for the market to move forward.
Now that anyone can rug pull with sites like Pump fun, it’s harder than ever to remove these bad actors. They’re eroding trust across the board, making it tougher for legit projects to grow and for new investors to feel safe coming into the space. We need to collectively push back against these people and completely exclude them from the market. That’s the only way we can restore some confidence and make real progress as a community.
Honestly, BTC would be well over $100k at this point if it weren’t for these scams constantly dragging the market down. They’re not just hurting individual investors—they’re holding the entire ecosystem back. Let’s keep exposing these bad actors together and make it clear there’s no room for them here.
Sell all your $CROCS now. The dev @daumeneth just tweeted that they sent all their tokens to the “team” and are stepping away, likely to avoid community backlash. This is not a good sign.
Sent all my $CROCS tokens to the team
(30k usd)
https://t.co/D0219OHWEg
No more tokens on me
Round tripped 600k, locked 60k, donated 30k to the team
Took a 90sol loss on the token
But I believe they are building something great
And they likely need the supply
Too much heat on me would be bad for the token