Of course, the risk is very high if you choose the wrong meme coin. basically meme coins are just imitations of doge and not many survive long after being listed on the market. Previously I also invested in meme coins such as Bonk, Pepe, Floki. To be honest, I made some initial gains but for now I am no longer holding meme coins.
As meme coins can give us huge profit so it can also give us huge loss because selection of meme coins require excessive knowledge but still it is not guaranteed that if you deeply investigate about meme coins then surely it will boost up as there is always a chance to lose money with meme coins.
Bonk, Pepe and floki are good investment coins and many individuals have recently gained huge profit from it so if someone chooses a good coin then he can earn better profit if he knows the time to sell their hold meme coins.