Cryptocurrencies, particularly meme-inspired ones like Dogecoin and Shiba Inu, have seen a surge in popularity recently. However, this has also led to a rise in scam concerns. Recently, prominent figures like Caitlyn Jenner and rapper Rich The Kid have pushed memecoins through their social media accounts.
While many people are attracted to the potential for rapid wealth accumulation that these coins promise, the legitimacy of some of these cryptocurrencies is questionable. Their values are extremely volatile and mainly based on social