The original post: /r/cryptocurrency by /u/EnigNa710 on 2024-12-07 19:56:38.

Now personally, I never bought a meme coin that wasn’t dogecoin or shiba years ago. People lose money in this shit every day and it’s their own damn fault.

But I actually think this could be one of the biggest rug pulls ever. Not really because of the money but more so how much the normal ordinary people in public got swindled by such an idiotic but coincidentally iconic person. Thousands to a million dollars lost in like 20 minutes. I know this doesn’t just happen every single day that easily

Like this instance of a rug pull was kind of the epitome of what’s wrong with crypto (obviously it’s more so what’s wrong with people) and decentralized exchanges - because this really proves that almost any idiot can do what she just did. That and the 9 year old who did that viral rug pull 2 weeks ago.

And frankly, I don’t think there’s anything they (the SEC) can do about this. I think this instance of this idiot creating a meme coin with no consequence is going to put crypto in bigger scrutiny.

Nah? Enlighten me pls

Edit: I want to say my questions spawns from I am seeing every news outlet imaginable writing about this. This is kind of big news I only really saw this level of attention with Celsius and Lunar. I didn’t even know about the Kim K “rug pull”.