The majority of memecoins that are created are indeed just to take a lot of profit from retail traders who come in and hope to get a bear profit, It is common when memecoin hype like this is said to be gambling, because thousands of memecoins appear every day and we will no one know which ones will survive or will just be thrown away.

But some memecoins that are very optimistic with solid teams or Teams that are already Doxxed are developing their memecoins with really useful utility, not just memecoins that absorb all the liquidity of the market like Trump and then dump by Insiders.

I still hold some memecoins that I deserve to keep and still with continuous development and a solid team.
Junk memecoins won't have any of that.