Warning
As bad as majority of meme coins are there is something that's way worse than meme coins and I am sure that you newbies must be aware if such projects, they normally ends with
http://Finance, there are few other examples too like Safuu and Titano, these tokens have red flags written on them from day one, now if you compare these projects with Luna well Luna is still better, yes, they are that worse...... Have you look onto their charts lately? They are simply giving people what they want, get rich quick.. If you know what's good for you and your cash put them in bitcoin and stable coin.
Well it's obvious that if a project is giving a high APY this something is wrong there. I mean the era of high yield project is gone, the hype has died down and the market is saturated already.
And now the game is that everyone is trying to lower their APY because obviously it's business at the end of the day and profits is the key for this projects.
So I will agree with your warning, and everyone should be very careful specially with the market conditions that we are in right now.