Caution Advised by Experts as WOJAK Surges 1040% within a Week

The Ethereum-based memecoin WOJAK has experienced a surge of over 1000% in a week, despite warning from experts against investing in coins with no utility. Recently listed on multiple exchanges, the meme originated on the /r9k/ board on 4chan in 2010 and became more popular nearer the end of the decade, with the highly adaptable meme used by memers to poke fun at various situations. Skepticism remains over the recent trend, with Wesley XIA, founder of Rootz Labs and ex-Head of Innovation at Huobi Global, advised investors to be cautious about buying into hype, due to the lack of fundamental values and pure sense of gambling related to such coins. 
Meanwhile, PEPE, also a memecoin, enjoyed a recent surge of 157% in one day. Older memecoins such as Dogecoin and Shiba Inu have faced notable declines in recent months.