In its latest official document, the UK government shared that Retardio (RETARDIO), one of the Solana ecosystem altcoins, offers financial services and products without their permission, and therefore should be avoided by investors.
Retardio, one of the memecoins in the Solana ecosystem, is not yet listed on any major centralized cryptocurrency exchange. However, with the latest pump, the token has a market value of $114 million, which is high for an altcoin at this level. However, it should be noted that especially in memecoins, new projects can be highly fraudulent and developers can sell large amounts of tokens after the price increase.
The published official document also included the cryptocurrency project's website, social media account details and other information.
Retardio, which was trading at $0.090 before the announcement by the UK government, jumped by approximately 22% after the news spread. While it may seem like negative news, this situation seems to have an adverse effect on memecoins, especially those released for humorous purposes.
*This is not investment advice.