My opinion:

The story of the WIF memetoken, which soared to over $3 billion in market capitalization within a few months without any product, exactly mirrors the story of PEPE – it is NOT a phenomenon.

It's not some crazy force of free money from the people and community. Don't believe in fairy tales :)

Such things can only be orchestrated by the strongest market makers, who ALWAYS act in tandem with exchanges.

The goal of these stories is to divert attention and make a large number of people believe that they can get rich off memecoins.

While people are selling their fundamental altcoins and dumping them into every random project, big players are buying up the truly valuable coins from them.

Stories of some unknown person from Twitter turning $100 into millions easily hypnotize people and serve their purpose very well.

Yet, such distracting maneuvers happen every cycle. And every cycle has its own gimmick, on which "someone" gets insanely rich.

In reality, it's a screen, concealing altcoins from informed individuals, behind which there are products, funds, and a clear roadmap.

Someone might say, "But I made money on memes!"

Firstly, I'd ask, how much? And how consistently are you doing it? :)

And even if the answer is positive, for every successful memecoin millionaire, there are a thousand people who lost their money.

And for every "dog in a hat," there are a thousand more "cats" and "dogs" that got completely wiped out.

Don't forget about the "survivorship bias" and don't let yourself be thrown off course 🤝