The reason is clear, someone wants to destroy the market. Memecoins are supported not only by Musk, but also by major exchanges such as Binance and Kucoin. Binance was interested in successful projects in the past years, but nowadays they lists and also promotos for manipulating memes price. And it seems that the generality is already hypnotized. What decentralization can we talk about in this case, everyone goes downhill blindfolded and the end of this road does not look good at all.