Meme Coins Dubbed 'Giant Scam' by Tech Entrepreneur Jason Calacanis

Jason Calacanis, a well-known investor and tech entrepreneur, has labeled meme coins as a 'giant scam'.

In a recent social media post, he emphasized that he is not involved in any meme coin projects and intends to keep it that way.

'I have nothing to do with any meme coins and never will,' Calacanis wrote.

He also warned against private investment instructions, stating 'for the truly gullible, I will obviously never ask you to buy, sell or trade anything, especially on social media or via DM.'

Calacanis has expressed skepticism towards Bitcoin, describing its price recovery as a 'dead cat' bounce and questioning its relevance 17 years after its launch.