that's what happens to people who only participate in memecoin investment. Such investments require time and focus. meme coins will fly with the hype, and after that dump. the increase is extraordinary, but you can see how the coins disappear.
if you don't have the skills, it's better not to put our money on memecoin. for the lucky ones, they can make big profits in a short time. but I think more of them miss the moment.
Meme coins are not trustable because sometimes your will see surge in its price but immediately it will loss value therefore keep in mind that it will requires your long time and deep research without which you cannot choose meme coin as its not guaranteed. Meme coins were not acceptable in past but now as few memes showed good results so people visualise that every meme coin will act like that of doge and Shiba but that's not accurate information.
Sometimes luck helps a person and he win good sum of money due to investment in meme coin but all the time meme coins are not responsible for your success but it is the trend and condition of market that make you wealthy with the help of unknown coin. So deep research and your outstanding skills can have better impacts on your financial condition but meme cannot give you profit as you expected from it always.