According to @KookCapitalLLC, the team behind a recent Elon coin project has failed to deliver an original cryptocurrency, instead releasing only derivative tokens that quickly lost value. The source highlights that the project’s coins, themed after Elon Musk, have gone to zero, making them highly risky and unprofitable for traders. This situation underscores the importance for crypto traders to perform due diligence and avoid meme coins with weak fundamentals and poor track records (source: @KookCapitalLLC).