Forbes - The explosive growth of meme coins like "Jail Cat" highlights a risky trend where speculative, often valueless tokens lure investors with high volatility and minimal regulation, urging caution as many projects lack transparency and stability

https://www.forbes.com/sites/ninabambysheva/2024/11/13/inside-the-wild-money-machine-fueling-cryptos-stupidest-bubble/

The explosive popularity of meme coins, such as Jail Cat and Pump.fun creations, has attracted young traders and influencers, who speculate on volatile tokens with no intrinsic value, causing market caps to fluctuate wildly.

Despite the thrill and potential for rapid gains, experts warn of high risks, with around 40% of projects being pump-and-dump schemes and 30% involving "rug pulls," where creators exit with investor funds.

Users are advised to exercise extreme caution, as these tokens are prone to manipulation, lack regulatory oversight, and often lose value quickly, similar to a high-stakes casino game.