How meme coins work

Meme coins serve no utility or use case. Now why are people still buying them? Here 3 reasons:

• Greed and FOMO

When I read posts promoting meme coins as a chance to make big gains with low risk. This is a lie; investing in meme coins is the highest risk possible.

• There's always a greater fool than myself theory

If your investment depends on that theory then there's obviously something wrong with that strategy. Seeing people posting big losses in meme coins here proofs my point.

• The next meme coin will do better than the last one

It is the very same mechanism every meme coin follows. There is no difference between PEPE, KAS, WIF, etc. They all follow the same rules and eventually become worthless.