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
I see buying Memecoin is almost similar with gambling your money in Jackpot, no one knows when or who will win the money, just test your luck in it and go with your gut feelings. As far as I'm concerned, memecoin is all about who put their money first then take the profit right before everything go bad since it won't stay long and only ride the hype of what's going on around us, just like what you explained.