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8. Meme Coins, Honeypots, and Artificial Intelligence-Enabled Crypto Fraud

  • 2024
  • OriginalPaper
  • Chapter
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Abstract

The chapter begins by defining meme coins and their origins in internet culture. It then categorizes meme coins into various types, such as animal-themed coins, political coins, and food-themed coins. The text also discusses the volatile nature of meme coins, highlighting examples like Dogecoin and Shiba Inu. It delves into the risks and frauds associated with meme coins, including pump and dump schemes, honeypot scams, and deepfake frauds. Notable examples like the Squid Game coin rug pull and the BOB meme coin's volatility are explored. The chapter concludes by discussing anti-dump features and their implications for market manipulation. This detailed exploration of meme coins provides a nuanced understanding of their impact on the cryptocurrency market and the associated risks.

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Title
Meme Coins, Honeypots, and Artificial Intelligence-Enabled Crypto Fraud
Author
Jason Scharfman
Copyright Year
2024
DOI
https://doi.org/10.1007/978-3-031-60836-0_8

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