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Meme Coin Launchpads Proliferate Amid Rising Scam Risks
Meme Coin Launchpads Proliferate Amid Rising Scam Risks
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The meme coin market faces growing scrutiny as new launchpads emerge, compounding concerns about market saturation and fraudulent activity. Industry observers warn of heightened risks including pump-and-dump schemes and rug pulls inherent to speculative token launches.
Pump.fun’s pioneering position in democratizing meme coin creation now faces challenges from competitors including Raydium’s LaunchLab and Bonk’s LetsBonk platform. This expansion of launch infrastructure occurs against a backdrop of declining investor trust, with security incidents becoming frequent enough to warrant caution across the sector.
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