Study: Political Memecoins Lead to Investor Disillusionment 😟
A recent survey highlights how politically-themed memecoins, such as TRUMP, LIBRA, and CAR, have drawn many new investors into the crypto sphere. However, these investments often result in disillusionment and financial losses. The survey, which was conducted by Chainplay in partnership with Storible, involved 1,066 crypto investors.
Findings revealed that nearly 80% of participants purchased president-endorsed memecoins, leading to massive disillusionment. Notably, 21% of these new investors have decided to exit the crypto world entirely following the disappointing returns.
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