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
The risk they are taking is big, and that is why they are doing that, which is fine if you ask me because the bigger risk people take, the bigger reward they deserve, considering most of the people who invest into memes end up losing money, it only makes sense if a few made a lot.
There aren't a lot of people who make a lot of money from these, its not that easy to make that much money from them but as long as you could make that work, it shouldn't really be a problem at all. We are going to end up with a lot of trouble if we are not careful, and because of that I believe we need to just consider these memecoins as something that will make you lose all your money if you are not careful, always be careful with them.