Vietnamese plunge headlong into meme coin market

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Advertisements for meme coins are shown on smartphones. Photo by VnExpress/Luu Quy

 

Vietnamese are rushing to invest in so-called ‘meme coins’, hoping to make a killing but ignoring the huge risks of buying a volatile asset talked up by social media.

 

In the second quarter The Nghia in the northern province of Vinh Phuc invested $20 to buy nearly 100 Dogecoins, a cryptocurrency that has overwhelmed the Internet this year.

 

"I bought the coins because everyone was buying it."

 

Full Story: https://e.vnexpress.net/news/business/economy/vietnamese-plunge-headlong-into-meme-coin-market-4395034.html

 

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