TechFlow news, March 16 — According to Cointelegraph, in an interview with Anastasija Plotnikova, co-founder and CEO of Fideum: "Meme coins are deviating from the fundamental ethos of decentralization in cryptocurrency and are increasingly being used to exploit retail investors through more and more rug pulls. Meme coins have evolved from community-driven social experiments into a chaotic landscape for extracting value from retail participants. Inner circles, pump-and-dump schemes, and sniper groups have replaced the original organic and collectible nature of meme coins, creating an unhealthy competitive environment.
Investors also need to distinguish between meme coins that can be considered genuine 'collectibles' and outright fraudulent activities such as rug pulls, which are not only unethical but clearly illegal. In my view, these activities should fall entirely under the jurisdiction of law enforcement agencies."
