With Market In Free Fall, Is New Crypto Meme Index a Safe Buy?

A crypto whale made $6.8 million on a leveraged bet over the weekend, coinciding with former US President Trump's social media posts mentioning Bitcoin and Ethereum. The whale transferred 1,000 Bitcoin (worth $90 million) to Binance, sparking market speculation. The overall crypto market is currently experiencing a downturn. A new project called Meme Index ($MEMEX) aims to offer a safer investment strategy by allowing users to invest in baskets of meme coins tailored to different risk levels. The project has raised $3.9 million in its presale. The Meme Index offers four indexes: Meme Titan (top 8 memecoins), Meme Moonshot (volatile upcoming cryptos), Meme Midcap (mid-sized memecoins), and Meme Frenzy (high-risk, high-reward memecoins). $MEMEX holders can vote on the composition of these indexes.