I don't know how and why this big hype has been given to this coin because for me I think it's a total pump off of this coins by the people and team responsible but even at that people have no doubt turn millionaires from this coins and i believe that this was a massive gain for them but the down part this is that many people will now fly and start investing now without them fully understanding the faith if these so called meme coins because at any moment these coins can decide to fluctuate and dump and you just buying it can be at very great loss.
Lack of waiting to know what exactly the project is all about is the main reason people fall for so many traps, they really don’t want to miss out, so due to FOMO they go ahead to invest in any hyped project without doing further research, if turns out to be a scam project they will be painting crypto as scam.
Meme coin is given more profit of investment of you do your research about the project and if the crypto market is on better movement.