To be honest, between having newbies buy memecoins and them buying shares in crypto-based ETFs, although the latter are not crypto, they are probably a safer option than having them gamble on memecoins. I too hope serious projects in the crypto land will onboard more people, because memecoins are not the best way to start in crypto.
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Memes are not the best way to start crypto, but do you know how many newbie millionaires in the US went all in on $TRUMP? I heard someone went in with a million dollars, made 186 million dollars and still didn't take profit, can you imagine that?
I imagine if they had 1m dollars to invest in memecoins they really didn't care about them. And probably thought "I either make it big or not". Of course, to us, that seems unbelievable, when even 1m could change our lives.
I don't really think anyone, especially rich people will aim not to increase their wealth. In that situation, I want to think the person got greedy and forgot to take profit, thinking that the price might go higher. It was probably their first rodeo.