💥 Binance Report: 97% of Memecoins Have Faded 💥

Memecoins once dominated crypto conversations with their quirky appeal and promises of fast returns. But Binance’s latest report reveals a harsh reality - 97% of memecoins have faded away. Here’s why so many couldn’t make it:

🚀 Market Overcrowding: After Dogecoin and Shiba Inu's success, new memecoins flooded the market. But with everyone chasing the next big thing, few could stand out, making it tough for any one coin to gain traction.

🔎 Lack of Value: Many memecoins don’t offer real utility or future plans. Unlike $DOGE or $SHIB which have active development like Shiba Inu’s Shibarium, countless others lack substance or transparency, leading to their downfall.

⚠️ Scams & Rug Pulls: Some memecoin creators are only after quick gains. They promote heavily, then sell off their holdings, causing prices to plummet - a huge risk for investors.

For those interested in memecoins, this is a reminder to look for real projects with a solid foundation. The hype alone isn’t enough to ensure survival. Stay informed and invest wisely! 💪