🚨 Breaking News! Elon Musk's statement causes a sharp drop in memecoin prices.

Elon Musk has made a bold remark about memecoins, saying, "If you expect profit from memecoins, you're stupid. You will not earn with memecoins. Do not invest your life savings in a memecoin."

His comments have triggered a decline in memecoin prices, raising concerns among investors. This stance contradicts his strong promotion of Dogecoin in 2021, making his position on memecoins unpredictable. However, the author disagrees, highlighting that coins like $DOGE, $WIF, and $PEPE have delivered significant gains in the past.

The recent dip is also linked to the launch of memecoins associated with Donald Trump and Melania Trump. Despite the current downturn, the author believes this is not the end for memecoins.