Video | Ansem: 99% of celebrity meme coins are scams, completely an insider's game

Crypto trader Ansem admitted that his judgment on "celebrity meme coins" last cycle was completely off the mark. He initially believed that celebrities, with their built-in following and influence, could sustain token prices over the long term by continuously driving traffic to their meme coins. However, the reality turned out to be that the vast majority of these projects devolved into insider games: celebrities and developers pre-allocated large amounts of tokens, attracted retail investors with the initial hype, then dumped their holdings, and subsequently ceased ongoing operations. As for Hunter Biden's upcoming LAPTOP coin, Ansem's stance is straightforward: he currently sees no reason to believe this time will be any different.