Are meme coins a way to extract money from investors?
Meme coins are often used as a means for quick speculation, and some exploit them to make profits at the expense of investors who are unaware of the risks. Although they can yield substantial profits for some, the absence of a real economic foundation makes them closer to tools for attracting liquidity and then draining it from enthusiastic investors. Therefore, yes, in many cases they are used as a means to extract money from investors.
