They are promoting meme coin because they want instant money, they know that meme coin is very well known this year and if they promote meme coins specially when they have a big name with big community following them in social media including telegram then they can earn.
Yeah, that makes sense. With a big name and a huge following, they don’t even have to try hard. just a small mention, and people jump in. It’s an easy way for them to make money fast.
But I wonder if they actually believe in these memecoins, or are they just using the hype to cash out?