People are purchasing Meme Coins because they are flat out BROKE.

There is a popular misconception about people who purchase meme coins.

It is not that they are "stupid" or Ignorant of Crypto, in fact these meme coiners are some of the smartest people I see online. The real issue nobody really speaks about is the rampant poverty crises that is going on.

The umbilical cord between wage compensation and productivity has been cut all the way back in 1973 (at least in the US). Ever since then, wages have been stagnant and inflation continues to rise. The only generation that has benefited from "Hard work" is the boomer generation. If you are a Millennial or a Gen Z today, you can forget about purchasing a home with an normal salary.

Everything is going through the roof, this includes weddings, bills, homes and sadly even healthcare for some.

Meanwhile, we just had yet another group of puppeteers that have been exposed for legal tax evasion globally who will undoubtedly get away with it.

Considering the above hellhole, no wonder people are throwing what they can at these meme coins. Until a living wage is introduced worldwide and people can afford a roof over their heads, this won't stop.