Don't get the wrong impression about memecoins because I've benefited quite a lot from these projects. Elon Musk is a whale behind the massive pump and sudden dump of most the memecoins. When he was the CEO of Dogecoin, he bagged large pieces of the coin and that alone enchance in the pump of Dogecoin, he later abandoned it and today it's easily referred to as stablecoin. Memecoins doesn't have a long span in the bull market, they're just there to aides the experience traders in making good profits from the market.