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It soon turned into disaster when it crashed just hours after its launch.
With no actual value behind it, the coin was fueled by hype.
When that hype faded, so did its worth.
Tu explained that people were putting their money on Welchs celebrity status more than a concrete investment.
This was never an investment.
This was always gambling, she said.
How are people calling this an investment, when it has statistically worse odds than even gambling?
Tu pointed out that while it might not have been outright illegal, the ethical concerns are clear.
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