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.
Memecoins are the weird places we have in crypto, which some can say that's where the magic happens. If you need fast cash, go after memecoins, and if you are lucky, you can get it. If you are unlucky, the market will help take the money you came in with, leaving you with nothing. The risk associated with dealing with memecoins is double compared to buying and holding any other coin.