Few days ago, a memecoin investor invested a whooping $1,000,000 dollars in MBAPPE coin and within an hour, his investment was brought down to $9,200 dollars when the scammer removed liquidity causing the price to plummet. Now, this is just one of many sad stories of investing in memecoins.
I have seen many clown of celebrities launched their meme token just to make free money off their fans but Mbape didn't launch that token. What was published after investigation was that Mbape Twitter account was comprised and the token was posted by the hacker and the loyal fans went straight and bought it but immediately he got access to his account, the tweet was deleted to mitigate the further losses. It was never intentional.
Imagine if the investor had invested in Bitcoin, no matter how deep the chart gets it will surely bounce back and there's certainty that he'll get his money back as well as some profit, but in this case his investment is gone and gone forever. My advice to newbies is that you shouldn't be carried away by memecoins because of the price swings. They are dangerous, not worth it and the risks outweigh the gains.
There is a popular saying that any thing good takes time and it's worth waiting for. The bull is around the corner, invest in Bitcoin instead and HODL.
People have choices and you can't force them. How many times have I cried over in this forum for people to stop buying meme coins but it seems the morr you tell them, the more they trend on memes because the trading volume says a put about how active people are buying meme coins. You can't change what people want no matter what, that's why I said it's their choice of investment.