usually beginer in crypto market did it, they come didnt because their knowledge about crypto community but they want to earn huge profits due looking their friend be rich man in short periode. without proper knowledge they invest their money in any projects and trapped in shit projects like meme coin
This is the worst case scenario as a newbie or beginner in crypto because some of them become envy on pioneers profit and wanted the same profit without considering the probability of losing in taking a high risks. Some also just don't research the coin/token or the project that they invested and just go with the flow or go with the hype and become panic whenever seeing the price dropping. They tend to believe that getting rich through cryptocurrency is an easy process, they tend to believe that here in crypto the money is easy to earn.