One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol
When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too
I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins
You need to be extremely lucky and enter the market at the right time to make good profits from meme aka shitcoins. There are only few people that are able to do so. Others make decent profit while the rest and most of the people loses a lot investing in those coins. Also if you want to become millionaire investing on shitcoins, you need to have insider information and be so what close to the developers. Be ready to shill for those coins and then when it starts pumping, you dump it on those people you were buying. Scamming those poor unsuspecting investors is the only way to become millionaire (unless you are extremely lucky) investing in shitcoins.