Because it is cheap and easier for them to manipulate the price.
There are so many meme coins that are being used for a quick profit.
New meme coins could give you a great amount of profit in just a short period of time and it could also ruined your investment.
Memecoins are one of the crypto projects that can give us huge profits and at the same time, it also the most rug pulled projects in the crypto market. Making profits from memecoins projects is in two ways. It is either you bull the presale before launch or buy when the price is down. Many investors are still confused on the right memecoins to buy and add to their portfolio while their are thousands in the market. Memecoins are very profitable when you buy the right one that would not end up in rug pull after launching because many devs are launching memecoins so to make profits from the projects before rug pulling it allowing investors to loss their hard earned money.