To newcomers: Investing in memecoins can lead to huge gains or massive losses. Be cautious and do your research before investing.

As newcomers join the crypto world after seeing someone invest $100 in memecoins and become a millionaire, it is important to be cautious. You may not hear about the hundreds of people who invested their savings and are now left with only $1.

Additionally, only invest what you can afford to lose. Avoid putting in your life savings or emergency funds into memecoins. Instead, start small, and as you gain more experience, you can increase your investment. The most important thing is to remain level-headed and not get swayed by short-term gains or losses.

It is important to do your research and not give in to FOMO (fear of missing out). This is a financial advice. Goodluck!