Inside India’s Meme Coin Circus – Powered by Greed, Telegram, and Terrible Tokenomics
EduInvesting Exclusive: The funnier it sounds, the scarier it gets.
🎬 Scene 1: From ₹10K to ₹40 Lakh — Overnight.
Let’s call him Rishi.
He bought ₹10,000 worth of “PepeRamCoin” after seeing a meme on Twitter.
It 400x’ed in a week.
He flexed screenshots. His DMs were flooded. His gym trainer asked for “crypto tips.”
He didn’t sell.
Then… the devs disappeared.
Telegram was deleted.
Chart collapsed 99.8% faster than your last relationship.
Today, Rishi’s ₹10K is worth ₹43.
🧠 WTF Is a Meme Coin Anyway?
| Term | Translation |
|---|---|
| Meme Coin | Coin with no utility, born from meme culture |
| Liquidity Pool | Where you think you can sell |
| Rug Pull | When devs run away with your money |
| Pump | When influencers say “next 100x coin 🚀” |
| Dump | When you buy, they sell. Every time. |
Meme coins are the TikTok of crypto:
All dopamine, zero depth, and one day you’ll regret being involved.
🇮🇳 But Wait — This Is an Indian Problem Now Too
Enter: 🐶 DogeLakshmi, Modicoin, JattCoin, HanumanFi, ShibaYogiji
Some of these:
- Launched by anonymous founders with Gmail IDs
- Promoted by influencers wearing Gucci and sitting in rented Fortuners
- Have Telegram groups with 10K+ bots and
- Still somehow got listed on shady exchanges
💡 One pump group even said:
“Team from IIT + ISRO backed project with AI tokenomics”
Which is literally just words from Twitter trends pasted together.
💰 Why Retailers Keep Falling For It
| Trigger | How You Get Hooked |
|---|---|
| 📈 10x screenshots | Fake MetaMask shots flood groups |
| 🤳 Influencer FOMO | “I just made 3L from ShibaBaba, don’t miss it” |
| 🔗 Pre-sale drama | “Only 500 slots left” = There are infinite slots, bro |
| 🛸 Techno gibberish | “Decentralized Quantum RealFi Token” = nonsense |
| 📣 Referral Ponzi | Invite 10 friends, earn free tokens… of nothing |
🚨 The Anatomy of a Pump & Dump (Indian Edition)
1. Launch:
- ERC20/BEP20 Token made in 15 minutes
- Funny name: ModiShibaGanjaCoin
- Logo generated on Canva, badly stretched
2. Telegram Hype:
- Free airdrops to 50K people
- 10 fake screenshots of “I made 2L”
3. Listing on shady DEX:
- Liquidity of ₹2,00,000
- Volume faked by bot trades
4. Influencer Hype:
- ₹20K paid to random finance bros with 5K Instagram followers
5. 📉 Rug:
- Devs remove liquidity
- Telegram group “closed for maintenance”
- You left with 9.3 crore tokens worth ₹0.000000000001
👨⚖️ Is This Legal?
Technically, meme coins aren’t illegal in India — yet.
But SEBI and RBI are tightening the noose.
As of 2025:
- Promoting fake crypto projects = can lead to jail under IT Act
- Some Indian influencers are under ED radar
- Income from pump & dump = taxable, even if the coin died 😭
📊 Just Look at These Numbers
| Coin Name | Claimed Return | Time Alive | Status |
|---|---|---|---|
| HanumanFi | 1200% in 3 days | 2 weeks | Rugged |
| Modicoin | 400x | 10 days | Devs MIA |
| ShibaYogiji | 89x | 1 month | No liquidity |
| JaiHoCoin | 1700% | 5 days | Dead site |
| NetaCoin | 500x | 2 days | Suspended on PancakeSwap |
🤦♂️ But People Still Don’t Learn
Why? Because it’s cheap dopamine.
- ₹1000 turns into ₹20,000?
- People feel like they beat the system.
But here’s the truth:
If you’re buying coins from a Telegram group and not an exchange, you’re not investing. You’re auditioning for a scam.
📉 What You Lose in Meme Coins
| You Think You’re Buying | What You’re Actually Getting |
|---|---|
| 🚀 100x Return | 😓 100% Risk |
| 🤝 Decentralization | 🤡 3 guys in Noida with Metamask |
| 📜 Whitepaper | 📃 Google Doc with ChatGPT text |
| 🔒 Locked Liquidity | 🕳️ Zero Exit Liquidity |
🙏 Real Talk: What To Do Instead?
- Buy tokens with real utility, team, and market cap
- Check on:
- CoinGecko
- CoinMarketCap
- Reddit (if it’s dead there, it’s probably dead for real)
- Use small money = small gamble
- Never trust a coin whose team can’t even spell “roadmap”
📢 Final Word from EduInvesting
“If your meme coin roadmap has words like ‘moon’ and ‘Lambo’ instead of product launch or token audit, just run.”
