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
Most memecoins are just created to scam people, scammers will create it, and they will pay influencers money to help them hype it, and sometimes influencers are always part of the scammers team, after promoting the coin and there is hype, they will end up dumping it on people that invest in it. That’s why I do encourage people not to follow all these influencers and celebrities blindly. If they post anything, always make sure you do your research before investing, and I will never encourage anyone to even invest in all these memecoins because I know the risk involved in it.