Only the earliest investors and developers make a profit, for the most part. These meme coins are created to make the creators rich very quickly. The creation of a meme coin is low-cost and does not require the creation of any product, you just need to create a contract, create a simple website, come up with a name and the token is ready. In most cases, investors in meme coins lose their money, as it is impossible for everyone to make money on high-risk assets.
I've pretty much avoided any meme coins in essence it's just gambling hoping for an explosion, so what if the returner runs away and takes the investor's money, that's not a small number in fact many people do that.
By making projects easy, it is easy to defraud investors and the community after their mountains of money run away. This is not strange.
That's right. I wouldn't even call it investing, more like betting. Users place a bet on some asset and expect that this bet will yield a large profit margin. Memcoins are impossible to analyze and predict, no one knows which memcoin will be successful and give x100 profit, it's all one big gambling.