Eric Adams scams investors out of millions with meme coin marketed as dedicated to “fighting anti-Semitism” and “teaching our children how to embrace the blockchain technology”

I’m making this one up, right? Right?

I sort of vaguely get the pitch for cyber-currencies as alternatives to fiat currencies, although I can’t see any real use for them besides money laundering.

But meme coins just look like straight up pump and dump schemes by definition.

Who would “invest” in something like this? Greater fools? Compulsive gamblers? People who read at a sixth-grade leve, believe in alien abduction, and are sure Donald Trump is really on the level?

I mean that’s like 100 million Americans, tops. No wonder we’re getting our hair mussed right now, as Gen. Turgidson would put it.