The majority of the meme coins in the market are scams, they are just cashing out the hype. The majority of meme coins and other altcoins are not worthy of investment because of their inexperienced team and average project (altcoins).
People did make money from the meme coins and got rich overnight, but those were the few exceptions. The majority of investors lost their money in meme coins because they wanted to get rich quickly and were played by the scammers. Always remember one thing, invest the amount you can afford to lose.