Though all of these were true, but I guess more than half of the people who invested and put their money into memecoin already knew the risks and consequences if everything goes south.
A lot of people got easily attracted by how huge these memecoin can generate profit at a more earliest period or in a short term period in contrast with other well established altcoin with good utilities. That's all because of the hype the people build around these memecoin that would literally make the price go up multiple times. So, putting your money in memecoins is most likely that your purchasing a lottery ticket and hope that it would hit big in the next couple of months or so.