More than 95% of these meme coins, which only trend when the market is bullish are going to disappear weeks or months later. Their only purpose is to be bought, held, and then sold after the price increases because many people after you will buy them. Basically, If you buy early, you can profit while if you buy late, you are likely to lose your money for nothing. They are very known for rug pulls, and their owners' only intention is often to scam investors and collect money before disappearing and shutting down the whole project and communities.

Greedy individuals are the most susceptible to such trends. However, we can’t deny that there are many people who have made a good amount of money from these tokens and coins, despite the significant risks they take and some luck choosing the right project to enter early.