🚨 Breaking news! Elon Musk has caused the price of memecoins to drop.

Elon Musk says: "If you expect profits from memecoins, you are stupid. You will not make money with memecoins. Do not invest your life savings in a memecoin."

Elon Musk's statement against memecoins led to a price drop, calling investors "fools" for expecting profits. This contradicts his strong promotion of Dogecoin in 2021, making him unpredictable. The author disagrees, pointing out that memecoins like $DOGE, $WIF, and $PEPE have seen significant gains. The recent drop is also linked to the launch of Trump and Melania's memecoins, but the author believes it is not the end for memecoins.