Everything is almost a total gamble now, from the random meme coins getting listed both on spot and derivatives markets to those premarket coins as you said. The exchanges don't care, all they are looking at are t the trading volumes, more traders and profits through trading fees.
The good thing is they display a pop-up warning about the dangers of trading in such assets in the exchanges I have used. Should a user go past the warning, trade and make losses, then that's on him/her.
That cannot be denied, just look at this meme coin for example.
Date Price (USD) Notable Events
Nov 2023 $0.001555 Launch price
Dec 2023 $0.30 First major surge
Jan 2024 $0.08 Price drop after initial hype
Mar 2024 $4.90 All-time high reached
Nov 2024 $3.76 Current price with steady growth
If you check the profit, you’ll see they made a fortune from that coin, But look at the bigger picture, it’s clear they were gambling from the start....We know that meme coins are known for their pump-and-dump reputation, so it’s always a risky game. However, at the end of the day, it’s up to us traders to decide, do we treat it like an investment or just play it like gambling?