Are Meme Coins Ponzi Schemes

[Nomad]

Some people have called Bitcoin a ponzi scheme in the past and it has already proven that it is not. How about meme coins, are they ponzi schemes? A lot of meme coins do not have use case, they gain value only through community support (investors), which is common characteristics of ponzi scheme.

 

[Riberet19]

Well, I don't think that all are Ponzi schemes or pyramids, but many of them are and have proven it by doing rug pulls, others have lasted over time and have shown that they are not, the clearest examples are Shiba Inu or Dogecoin.

 

[Nomad]

That's what I believe. Some meme coins operate just like ponzi schemes and there have bee a lot of rug pull but I feel that some meme coins are better than some of the top altcoins.