Well, yes and it is evident. Many of meme token projects are taking advantage of the hype created under solana chain. Is it a bad thing? Well, not really as long as you know what you are doing. If despite of this you still have no plans of holding then that's you. As I said, many meme projects are making its way to the top. The hype is where demand comes from and if you're a true bettor then that would be for you to resolve. One thing is for sure; long term holding should not be a cinsideration. Most of the tome, due to low market volume and capital, things are getting worse but there will always be a better alternative in any case.
It has become an old trend to rush to invest after seeing a twitter post. The memecoin community is creating massive hype in the crypto market at this time but they won't last for long. I may be early with my predictions but I see all the signs but the memecoin market will crush anytime soon. As the price of bitcoin has risen, so have the prices of many tokens. But most new investors are thinking of getting rich from memecoin by entering the market in this race.
Well in most cases plus size individuals are more aligned. I still do believe that bigger names of this industry still reflect with web3.0 hype thus week.