99.9% are just pump and dumps. I traded memecoins at one point but just like the name. They are just joke coins. We have scammers who create tokens and do rug pulls every passing minutes and then there are actually "insiders". They before the pump and then dump it on other people once the pump takes place.

It's a huge gambling over there as everyone is looking to profit something out while the scammers are also waiting. If you want to follow memecoins. Don't take them too seriously.