And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.
Most fans of these meme coins know that they are shitcoins, and it does not matter if the token with own blockchain or is based on an existing blockchain. These investors know very well that they are tokens with no unique uses, and anyone can copy the source code of any meme coin while modifying the name, logo, and total supply and then launch it. These memes would have an unlimited and extremely large total supply, and none of these meme coins may have any mechanisms for burning tokens, which could make them inactive for years and may turn to zero or lose 99% of their price value. They use these meme coins as gambling and dice for speculative investments, which pose a great risk to holders and are susceptible to manipulation and sharp dumping. They disregard the risks and dream of achieving unrealistic returns, disregarding any other factors like the risks, names, founders, or anything else.