About certain meme coins like PEPE and BOB that they often thrive on hype, not fundamentals, and can end up enriching early adopters or insiders at the expense of latecomers. Let’s unpack that a bit.

The Reality of Meme Coins

Meme coins, including $PEPE and $BOB, are usually:

Driven by social media hype rather than utility or innovation.

Highly volatile, with prices swinging wildly based on trends or influencers.

Often lacking a clear roadmap, development team, or use case.

Targets for pump and dump schemes, where a few benefit and many lose.

Why They Still Attract Attention

Low price per coin gives the illusion of affordability and potential for massive returns.

FOMO (fear of missing out) kicks in when others seem to profit quickly.

Speculative mindset dominates crypto, especially during bull runs.

Are They All Scams?

Not necessarily scams—but many meme coins function more like gambling than investing. They can be:

Fun and community driven some holders just enjoy the meme culture.

Short-term trades for experienced traders who know when to exit.

But rarely long-term investments.

Verdict

You're not wrong to be skeptical. Most meme coins don’t have a future in terms of utility or sustained value. If you're investing in crypto, it’s wise to focus on projects with:

Strong fundamentals

Transparent development teams

Real world use cases

Adoption beyond speculation