Because people only cares about easy money, they think that memecoins is get rich quick scheme but instead its loose everything
greed is the greatest motivation there is for meme coin speculators in hope of flipping a hundred dollar into a hundred thousand dollar people are willing to lose that one hundred dollar.
I guess its because they are trying to find the opportunity but they are in for speculation with knowing all the consequences anyway.
since meme coin are just full of tricks and games thats unfair to the late investors, in short, its the game of whale trying to take advantage of the smaller people.
the people that get rich probably are the one that have close relationship to the meme coin maker in my opinion.
can't believe some random stranger suddenly putting their thousand dollar into meme coin and flip it into million.
but well there are many magical story about how people getting rich from meme coin overnight in twitter with capital equal to pennies.