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.
Good research mate.. and you're right, despite it been on exchanges. The price is down about 30%. This shows it's highly volatile.. but with memes, it could come back up easily.
I'll suggest OP to be careful before apeing.