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).

According to AltcoinGordon, traders should focus on supporting coins with original narratives when they show strong upward momentum, rather than creating or investing in numerous derivative tokens that dilute market potential (source: Twitter, April 27, 2025). This approach can lead to stronger price action and increased liquidity for the primary asset, reducing fragmentation in the crypto market and providing clearer trading opportunities for investors.