...Many of the big investors in the market have made millions of dollars from meme coins but we might not know because some of us are scared to take risky. ..
And this is not surprising, since most of these investors were members of the team of these meme coins. But we can say for sure that the number of investors who lost their money by investing in a meme coin is much greater than those who received a profit.
Memecoins are shitcoins except very few, there is a group of people who started investing in memecoins to get attention of new traders and after fews days of launching they sell their coins and the price drops and new people get loss. By their loss the group of investors get profit and sell their coins!
I have not seen the very few pf memcoins that are anything worth it, why I say so is because, memecoins are allocated a specific time to reign and after that, it do remain either to die the natural death that the several other hypes that have come before it died of, just as some have rightly said, memecoins are shitcoin and gamble, their are instrument of pump and dump at will and anyone investing in them is doing so with the mindset that you can lose part or whole of your investment in them so the best possible advise is to stay off them as clear as possible unless you want to gamble with your money in which case you can end up losing everything.
Just like the ICO, IEO and the rest pf the past hypes, this also will pass and if care is not taken, it won't take long before that will happen if anyone who is investing in thesee coins is not careful, may get dumped at your face when the party is most exciting and at that point, there be nothing to be done to safe the situations.