Kanye West Meme Coin Sparks Rug Pull Fears—Meme Index Presents a Safer Means To Make investments As Presale Nears $4M

Meme Index ($MEMEX) is nearing $4 million in presale, drawing buyers in search of a safer method to spend money on meme cash.

In the meantime, American rapper Ye (previously referred to as Kanye West) is stirring confusion within the crypto house with the launch of a meme coin – solely to later deny any involvement. Regardless of this, the state of affairs has already raised considerations that it could possibly be yet one more rug pull.

Investor frustration is mounting as high-profile figures proceed to take advantage of their affect for fast earnings, casting doubt on the legitimacy of the meme coin sector.

The Meme Index safeguards towards such scams by diversifying threat throughout a broad basket of tokens whereas permitting buyers to decide on which meme cash to incorporate of their index.

Entry to those indexes is unique to $MEMEX holders, whose numbers are rising as buyers rush to purchase on the present presale worth of $0.0164896 earlier than the following worth improve in lower than 17 hours.

Rapper Ye Creates Media Circus Over Attainable Meme Coin Launch

Since final week, the controversial rapper Ye has claimed he plans to launch a token known as YZY, named after his clothes model Yeezy.

Nevertheless, the rollout has been chaotic, with erratic X posts involving Binance CEO CZ, a string of racist remarks, and even a self-proclaimed Nazi stance. At one level, Ye even teased launching “Swasticoin.” 

He later claimed he now not managed his Twitter account and deleted earlier posts about launching a meme coin altogether.

All the spectacle has changed into a media circus, with hypothesis over whether or not Ye will truly launch a token. This uncertainty even sparked a Polymarket wager, the place 40% of the $22 million quantity is wagering that he’ll launch a coin this month.

Will Kanye launch a coin in February?

If Ye does launch his personal token, he shall be coming into a market already flooded with celebrities who’ve leveraged their fame for fast crypto earnings – most of which expertise short-lived worth spikes earlier than crashing.

Reviews recommend that Ye plans to imitate $TRUMP’s tokenomics, aiming to retain 80% management of the provision – a setup many buyers already see as a rug pull within the making. Nonetheless, some merchants are hoping to “get in early” and money out rapidly, as summed up by a hilarious meme circulating on Reddit.

Everybody after they heard in regards to the Kanye West meme coin : r/solana

But, for a lot of – particularly these burned by Argentina President Javier Milei’s rip-off token, Libra ($LIBRA) – Ye’s potential launch seems like yet one more celebrity-backed money seize that can depart an enduring stain in the marketplace.

Meme Index Brings Sanity To The Wild West World Of Meme Cash

For meme cash to regain a $100 billion market cap, the trade should curb shameless cash grabs by high-profile figures.

The unregulated nature of meme coin launches permits anybody to create a token with out authorized penalties. Nevertheless, the sector dangers self-destruction as greed fuels a continuing chase for the “subsequent huge factor.”

The Meme Index offers a safer various for these in search of publicity to meme property. By investing in indexes, capital is unfold throughout a number of meme cash, producing returns primarily based on their collective efficiency.

There are 4 index choices, every providing various ranges of volatility:

• Meme Titan Index – The least risky, that includes high meme cash like Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE), all valued at over $1 billion.
• Moonshot Index – Consists of tokens valued between $250 million and $1 billion, with the potential to interrupt into the highest 10 meme cash.
• Midcap Index – A better-risk possibility with tokens starting from $50 million to $250 million in market cap, providing important upside potential.
• Meme Frenzy – Essentially the most speculative index, that includes new and extremely risky tokens valued at underneath $50 million. Whereas it presents the prospect for optimum positive aspects, it additionally carries the danger of steep losses.

By offering structured publicity to meme cash, Meme Index helps buyers navigate the sector with much less threat whereas nonetheless capitalizing on its explosive development potential.

Bitwise CIO Says Index Investing Is The Future

Final week, Bitwise CIO Matt Hougan expressed that index-based investing is how the crypto ETF trade will obtain even greater development than what it experiences now, which is presumably a step nearer to a meme coin index ETF within the close to future.

A meme coin index ETF may be a extra logical step if the intention is to generate rather more secure returns in the long term than particular person meme coin property.

And who is aware of? The Meme Index has already established fairly array of meme coin property in its indexes, which might make it a helpful mannequin for structuring a meme coin sector ETF.

However whereas that has not come to fruition but and is presumably nonetheless years away, one factor crypto buyers can wager on is that the Meme Index shall be launching quickly.

To entry the abovementioned indexes, they will maintain $MEMEX tokens, that are at the moment accessible within the ongoing presale.

Right here’s How To Purchase $MEMEX In Presale

Go to the Meme Index web site, join your pockets (e.g. Finest Pockets), and buy $MEMEX utilizing USDT, ETH, BNB, or perhaps a financial institution card.

With every $MEMEX token, customers can affect which tokens are included in every index and even suggest new indexes for the neighborhood to spend money on.

The Meme Index platform has been audited by respected companies like Coinsult and SolidProof, which supplies buyers peace of thoughts concerning the safety of its good contracts.

Be a part of the Meme Index’s rising neighborhood and be part of the dialogue on their Telegram and X accounts.

Be taught extra in regards to the Meme Index.