Memecoins can be fun as long as you treat them as gambling

It’s really as simple as that. I saw a stat somewhere that 97% of memecoins listed on Raydium are in the negative from their initial listing price.

Memecoins are the casino of this cycle. As long as you treat them like a casino you should be fine. But I can just feel there will be a lot of room temperature IQ individuals putting massive amounts of money into memecoins that they can’t afford to lose.

Memecoins are not an investment. You are not a crypto investor by putting money into memecoins. You are a crypto degen gambling on speculation of token with a goofy animal as the mascot.

There is no formula to winning at memecoins unless you’re the dev dumping on people.

You get lucky. That’s the formula to winning with memecoins. There is some evidence that major memecoins might be serving as a high beta play this cycle, but even those are risky and can 40-50% pullbacks out of no where after a big run up.

So play the game, but play it responsibly like you would with sports betting.

Edit: this post is more directed at new users. I am aware there are experienced traders making bank right now in memecoins, but new users don’t have those skills and will just end up getting rekt if they go crazy with memecoins.