DOYR Meme Coin has been making waves, surging 290% after being featured on Binance Alpha. This sudden spike has caught the attention of Binance executives, who are warning investors about the risks of social media-driven tokens.
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Key Facts:
Price Surge*: DOYR coin's value climbed over 290% after being featured on Binance Alpha
Market Cap*: Reached $15.38 million with a trading volume of $41.4 million
Volatility*: Highly volatile, lacking tangible utility, and reliant on social media hype
Risks*: Investors are advised to remain cautious, considering the inherent risks of meme coins
Binance Co-CEO He Yi emphasized that launching tokens based on social media content is community-driven and urged investors to be cautious. Meanwhile, CZ, Binance's co-founder, clarified that the company doesn't endorse any meme or token
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