When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.
Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.
A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).
And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.
Honestly, people investing in them barely care about this because all they are looking for is some quick profit or a dream to become rich overnight, so they don't do any research or try to know whether they are investing in a coin or a token, they just do it because they are in a rush to enter as early as possible. After all, there is a common misconception among newbies in this industry which is that those who enter a project early tend to gain a lot of profit.
Memecoin investors don't even check the projects or people behind the tokens they are investing, they just hear it is a meme coin and that it is being marketed, and they make an entry without a second thought. It seems as if they don't care about their money and they either got it for free or won it from gambling or something because hard-earned money can't be invested this easily.