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Calacanis Brands Meme Coins a 'Giant Scam' Amid Record Q3 Gains

Guavy AI Editorial Team
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Silicon Valley angel investor Jason Calacanis has called meme coins a 'giant scam', dismissing them outright and warning his followers against private investment advice.

The comments come as Bitcoin and Ethereum cap off an extraordinary third quarter, with Bitcoin rising 43.5% to nearly $84,000 and Ethereum gaining 71% to over $2,708.

Calacanis built his reputation through early bets on Uber and Robinhood and has been vocal about the risks of speculative investments in crypto.

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