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Coinbase CEO warns memecoins ‘gone too far’ amid insider trading and massive investor losses – TON BOT

TON BOT

Coinbase CEO warns memecoins ‘gone too far’ amid insider trading and massive investor losses

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Coinbase CEO Brian Armstrong has warned against insider trading in memecoins, stating that it is illegal and can result in prison time. He highlighted concerns over illegal activities in the memecoin market and emphasized the importance of building value-driven projects. Recent data revealed significant losses for investors due to insider trading in political-themed memecoins. Despite setbacks, Armstrong believes memecoins could have a meaningful role in the crypto industry by evolving beyond speculation and benefiting artists and tracking cultural trends.

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