Shiba Inu’s Lucie S. Warns Against Celebrity-Endorsed Crypto
Release: 2024/05/31 04:14 Reading: 299
Shiba Inu Warns Investors Against Celebrity-Themed Cryptocurrencies
Shiba Inu's marketing head, Lucie S., recently cautioned investors against making investments in celebrity-themed cryptocurrencies.
Lucie's Concerns
Lucie expressed surprise at the growing number of celebrities entering the cryptocurrency space. She urged investors to proceed with caution, stating, "Just because someone makes music you love doesn't mean they know crypto well."
Celebrity Meme Coins
The recent surge in celebrity-themed meme coins, backed by both influencers and celebrities, has been accompanied by increased involvement from known cryptocurrency scammers. This has raised concerns about the safety of such investments.
Investor Due Diligence
Lucie emphasized the importance of "doing your own research" (DYOR) and urged investors to be vigilant about potential rug pulls, a common scam involving the sudden disappearance of a token's value.
Crypto Scammers
Sahil Arora, a known cryptocurrency scammer, has been linked to recent pump-and-dump schemes involving celebrity-based tokens.
Lucie's Advice
Lucie reminded investors that while memes can be entertaining, they can also quickly turn sour. She advised investors to "only invest what you're willing to lose."
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