ALGO is now invaded by memecoins

Doges, cats, Elon Musk,.....Shrek!.. you name it.

well launching a token on Algo is pretty easy. it still needs a little bit of programming but there are some guidance and you could copy paste codes and create your token through some simple steps. So after Shiba strom begun people tried to become reach by starting their own memecoins. they made AKITA INU ASA and then the flood begun.

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Every one is now shilling their own memecoin and use ALGO subreddit for airdrops, asking people their ALGO address. but then what? yeah you need money for the liquidity pool. that's where the problem begins you have to invest money in the pool and people who got the coins started selling really quick.

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So at this point there are some "developers" announcing they have put $6K! from their own pocket! into the pool :)) easy there you tycoons.

what's the catch here is that for any startup you need a neat idea AND some seed money. don't just yolo and make a new coin expecting people would just rush in and take it to the moon and make you the new rich kid in the area.

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That's all folks. sorry to bother you. I really like ALGO ecosystem and I'm sure ALGO is way bigger than this.