Quote from: Patikno on Today at 11:24:33 AM

Quote from: Victor4 on Today at 09:03:41 AM

The surging market is really doing wonders for memecoins. Just saw a Sol memecoin named RIFSOL, based on the concept of decentralized science (DeSci). I'm 70% sure that if this wasn't meme season that memecoin would have faded into obscurity the moment it was listed but surprisingly enough this memecoin is doing quite well. I don't know if there's something about this memecoin that I don't know about or it's just pumping due to the meme season, thoughts?

When a token has a high price without being followed by a good product that they bring from their project, you can be sure that it is just hype. I tried to find out about the token you mean, and found that the project name is Rifampicin. The name is like the name of a drug, furthermore I found out that they are on Pump Science. From these findings, I can confirm again that this is just hype, be careful with your investment, if you have invested before, make sure you exit with a profit.

Hype + the market sentiment, which is bullish.
Though, as I've seen, many memes just got a bit of a correction up to 10%-15%, whereas some utility-based alts got the same, but in plus.
So it's really about the communities around these coins + the mood in general on the market.