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 idea that people are making this much money with memecoins is something that was introduced by influencers, not a reality. There are either a few that actually did it, and some who lied about it, which got famous. In reality, majority of people who joined the memecoin market actually ended up losing money.
Because most of the time these big names get in early, make it pump, others join later, the early investors cash out, crash it, and rest are losing money. So believe me, people are not really making money, not millions but not even thousands, most of them are actually losing money and we just have to accept that, there is no way around it, we just have to realize that we can't make this change anytime soon.