Background

Memecoin Roulette: You’re More Likely to Win at a Real Casino Than Actually Finding One That Doesn’t Tank Your $100 Bet

AltcoinsCrypto NewsFeatured 1 Sam Rogers August 16, 2024

An illustration of a roulette wheel with 38 numbered slots, some filled in as winning numbers, while others are empty or marked "Rugpull" and "Dead". A small figure stands at the edge of the table, looking dejectedly into an abyss labeled "$100 Bet", surrounded by coins that have sunk beneath its surface. In contrast to this scene is a second roulette wheel with 833 slots, only one filled in as a winning number, while others are marked "Failed" and "Graduated".

Cryptocurrency’s biggest scam is now being touted as an investment opportunity, with platforms like Pump.fun promising users they can find hidden gems among the endless stream of new coins launching daily. But what are these odds really? According to one X user who analyzed data from Dune Analytics on Aug 11th , out of over 16 thousand tokens launched in a single day only about 175 made it past Raydium’s $69,000 market cap threshold and even fewer remained profitable after that milestone was reached. This is an abysmal rate of success for investors seeking to find the next big thing on Pump.fun

Source: cointelegraph

Memecoin casino: $100 bet on Pump.fun has worse odds than roulette
https://cointelegraph.com/news/memecoin-casino-bet-pump-odds
The odds of finding a successful memecoin to invest in on the token launch platform Pump.fun is lower than placing a winning bet in the casino. Experienced traders employ strategies to attempt to lower those odds and improve their chances, but recent social media activity suggests there is growing discontent among the ranks of degens as increasingly few investments turn a profit.  One X user even described Pump.fun as “the […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter