So this isn't just a new topic but nowadays I see that on twitter, and discord, people have been profiting from memecoins, especially on solana and some other chains.
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It isn’t indeed as we see many people starting a topic with memecoins. Some are against while some support it. It is on social media where you see most of them especially on twitter as many memes tend to evolve from there and if an investor sees it he will surely tweet about it.
I recently observed this with the $FUD memecoin on the SUI network. It surged over 70% upon listing on Bitget and MEXC. Their community was actively promoting it, so I took advantage of a dip and bought some $FUD. I don't typically hold memecoins long-term, so I set a price target and monitor its performance.
It is only smart that you invest in memecoins only short-term as they are highly volatile and most of its “pump” just came from fake speculation and investors. Most of the time its price is manipulated however if you can take advantage then why not?