I may be wrong but there are a lot of young people in the cryptosphere who aren't thinking too much about their future pension. They want fast earnings and are not ready to wait years. Although all people are different and everyone can find their own way of earning. Someone can believe another project and invest their 100$ there.
A lot of people want fast earnings. There are good projects in cryptocurrency industry but also there are a lot of scams. It is necessary to carefully chose the projects.
Agree, lot of people wants to earn money. Their coins are straight to the exchange and there are some that didn't know the importance of hodling their coin for a few months or years.
There are projects that do not even reach the exchange itself, and their tokens ultimately cost nothing