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Planet Money: The Memecoin Casino

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The Wild World of Meme Coins

This chapter explores the volatile realm of meme coins, emphasizing how influential figures like Elon Musk can drastically impact their value. It discusses the roles of Key Opinion Leaders and the mechanics behind platforms like Pump.Fun, which profit from the trading frenzy. The narrative reveals the speculative nature of meme coin investments, drawing parallels to gambling and highlighting the financial risks for individual traders.

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