It's funny how people are a few bucks Into millions of dollars with these numerous memecoins out there, it makes me wonder, are memecoins now a fast way to get rich? I heard a story of someone who sold his Solana that he has been hodling for a long time just to buy memecoins, to cut the long story short he ended up losing all his assets down to zero. Memecoins can make you rich real fast there's absolutely no doubt about it but it can make you broke within few seconds. If you have been in the crypto space for a while and already have ways of making money stick to it and forget about memecoins.
Investment in meme coin is one of the most stupid risk investors take nowadays, because of greed for 10x to 100x, they all forget that if you can make a whole lot of money in a very short period of time, you can also lose a whole lot of money in a very short period of time.
I am not a fan of meme coin and alt coin because they normally falls more than they rise, and they mostly lives base on market hypes, so once the hype around a certain meme coin or alt coin dies, that coin is good as gone, just like this trump coin that was newly launched, those Investors that followed the hype and bought very late when it was $64 dollar, they are now the massive Losers of them all, because they believed in the hype and dive in very late when it was in his way crashing down, so that's what meme coin is all about, pump and dump.