Don’t believe me? I saw an interesting statistic this morning on Reddit:
In the last 24 hours on pump.fun:
16357 tokens launched
175 graduated to Raydium
19 survived 24 hours
That means, 0.12% of tokens that are created survive the first 24h – Who knows how long those survive who make it – Probably one will be there for longer than a week.
So, the probability of making money off of memecoins, especially for beginners, is basically zero if you’re not an insider. Actually the possibility is almost 100% that you’ll lose all your money…
So what option is there? To me personally, it’s only to invest in a coin that has been there since the beginning of this memecoin hype and has survived since then. Why? Because that means that there is actually a community behind the token that does not want it to die and actually wants the token to become a success for everyone and not just some insiders.
So, do your own research which tokens have been around for a while and chose a project that you believe in. There are some, I’m sure you have heard of a few of them.
My personal pick is $SEAT. It looks like the project is not doing much, also because honestly, the chart looks very ugly at the moment. So why do I recommend for you to look at this project? Because it actually has a clear set goal: Donate money to charity to fight human trafficking and pedophilia. It is a meme token parodying the TV show “to catch a predator”. Our meme, Cris Hensan (after Chris Hansen) is asking you to take a $SEAT and support the cause.
The project has already hit an all time high of almost 7 million and has donated thousands to charity already. So as other tokens are created just to disappear again, the $SEAT community is slowly working to bring the token back to its former ATH and beyond, with the goal to provide a fun and rug-free ecosystem with a charitable cause.
As always, DYOR and NFA – But I really think this project will be a winner in the future!
Join us: $SEAT on SOL – And find us on Telegram!
CA: 29ad8JW1YcVT3mxcvxJpe3EzWqXCGD7KaSRWrc3TEMWG
submitted by /u/tob69
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