A social experiment called GREED has exposed the risks and pitfalls of chasing meme coins in the crypto space.
GREED Token Exposes Crypto Trader Desperation
A social experiment called GREED has exposed the risks and pitfalls of chasing meme coins in the crypto space. The experiment, created by Ivor Ivosevic, aka Voshy, a Solana community member, involved convincing thousands of traders to authorize him to tweet on their behalf and sign a dubious transaction that could have potentially emptied their wallets. However, Voshy did not intend to scam anyone, but rather to educate them about internet security and the dangers of greed.
The experiment started as a sarcastic tweet by Voshy, who was fed up with seeing low-quality tokens being hyped and dumped on unsuspecting investors. He expected only a few people to fall for his joke, but he was surprised by the overwhelming response. Over 43,000 Twitter accounts and 55,306 wallets participated in the experiment, hoping to get some free GREED tokens.
Voshy said he wants to use the experiment as a way to raise awareness and spark a discussion about the irrational behavior and lack of due diligence that many crypto traders exhibit.
