"Everyone" asserts "MEME COINS ARE A SCAM". But I am convinced, all of us have traded a coin at least once.
There is no need to be ashamed of that.
What would be a disgrace, is becoming a gambler instead of a trader.
There are plenty of morale stories about the tragedy of the fool who believed in get-rich-quick stories. I believe you find them and even "real-life stories" in any social feed in any crypto exchange.
The misfortunes of others serves as warnings or lessons of what not to do.
In crypto, the morale is almost always:
"Do not to bet a MEME COIN would be as profitable as advertised"
Remember the downside potential is as great as the upside potential.
Being as illiquid as they are (pointing specifically to new under capitalized coins) you are liable for drawdowns of ~60% at best with 0% leverage (e.g in the case of spot traders/holders).
Mind the diversity. MEMEs cannibalism is best seem by observing how the capitalization of one coin moves from project to project along with the media attention.
As of 2025, top coins by market capitalization are listed in the image below.
Nobody knows which tokens in the list will be still relevant or even survive until next year.
For some reason, some people call them shitty coins when they lose or see the charts.
For those who have profitted from speculating on them, #memecoins are still shitty coins but also a tradable asset.
Mature individuals are aware of this and would still trade them in spite of any warning because they are just trading.
$DOGE $PEPE or any other of the same family is tradable as long as they do not go into comma as more obscure memes such as $SHIB (which was once "prominent").
If you trade them, be dispassionate and accept the risk and the potential danger you might face.
I find the meme culture hilarious, but meme coins as the tulips of the 21st century. Therefore if I trade, is with a margin of safety greater than what I would find acceptable for cryptocurrencies like BTC or BNB.
Imagine waiting for a retracement of at least 50%, which happens more frequently than one would imagine.
See the charts yourself.
What do you think about memecoins ? Let me know!
