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
Making money via memecoins? This is called a rug pull and it's a scam(even though it might be "not completely illegal").
There's a platform, where you could make memecoins on the Solana blockchain. The website is called pump.fun. You just create your memecoin and invest several SOL in the initial supply to pump the price. If you do some marketing and shilling, your memecoin might start pumping. After a while, you sell and rug pull all the "memecoin investors". This is basically something between gambling and a Pump-and-Dump scam. I don't recommend anyone doing it. Sooner or later, the platform pump.fun will have to shut down.