...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!
thats exactly what most meme coins are, the earliest one who buys the coin, will definitely dump to the newer ones, its called finding exit liquidity in which always occured with these meme coin.
there's reason why meme coin keep getting created meanwhile the old one are usually having some trading volume only temporarily and then eventually losing its trading volume.
its because its all already preplanned by the meme coin maker, because thats exactly how these meme coin creator are trying to make money.
otherwise nobody would get interested and there will be no one that gonna invest in this meme coin, its just usually for luring newbies into losing their money.