Don’t Buy Floki Inu (Or Any Other Meme Tokens) If You Are One of These 5 Types Of People
Note: This is not financial advice to buy or sell any asset, digital or otherwise. Please do your own due diligence before trading or investing in any digital or non-digital assets.
A couple of days ago, a friend who lives in Canada suddenly shared with me the latest meme token.
“How many Floki Inu do you have?”
It was the first time I’d ever heard of this new meme token. My friend directed me to a story being covered on Business Insider, where apparently, a new token inspired by Elon Musk’s dog Floki, was doing an aggressive ad push in the city of London.
I quickly pulled up the chart on my go-to website for tracking cryptocurrencies, CoinGecko.com.
Just look at how much much this spoof (Floki Inu Token) of a spoof (Shiba Inu Token) of a spoof (Dogecoin) has gone up in 2 months. Plus, with the massive spike in price overnight on 27 Oct 2021, this was indeed a huge red flag to me.
