Mainly, it is because of hype that is spreading by many influencers or other participants of the meme coin programs. We can find so much trash like this in the telegram. And many newbies are triggered to invest because they are really desired with the high-profit promises from the team. On the contrary, the newbies don't know exactly what the project is. They only focus on the promises of getting very high profits instantly. This is what actually often hapen.
And the exact people who really know about meme coins will not use this as an investment, but only short trading that utilizes pump and dump, and the victims once more will be newbies.
Sometimes, we are too difficult to make newbies aware of this danger and shit coins, but they are sometimes mroe interested in the high promises than the advice from us
What's funny is the newbies didn't doubt anything if someone says or promised a good return for their money. I think if I'm a newbie I will think twice if this is true or not but I will mostly refuse that kind of offer because I believe that money is not easy to earn and someone won't just give away a huge chunk of money just like that.
If there are experienced people that know the true intention of meme coins, I don't think they will still invest in it because it is still very risky and they can instead use what they learn on a more better coins. Just let them if a newbie won't follow your advice, let them suffer first and realize their mistake. they will learn on it soon.