The reason why I believe the investors are to be blamed is much more centered on their psychology and sufficiency of information.

"Even the deadliest of rivers wouldn't drown everyone that gets into it".

People still make a fortune off shitcoins, its the major reason why it still trends and happens to the a major attraction for its players. It is no doubt that memecoins have now become the center of attraction for liquidity providers. SOLANA today, has liquidity because of the hype around it and the fact that shitcoins are leveraging that chain, when the hyper leaves, liquidity will also leave and shitcoins with it.

People still make as much profit just as they do losses on shitcoins but it depends on strategy and information helps to strategize better. It still comes back to the investors perspective.