We call them "memecoins" but there's no meme or fun in them as it is. The reality is that it's a just high risk game that make many new 'investors'(gamblers) go broke but devs & insiders(house) rich. These are casino coins, let's call them what they are.

Maybe back in the day many years ago these used to be memecoins. Dogecoin was funny when no one paid attention to crypto and prices were super low. Back them most people actually viewed it as a joke. But no one was FOMOing life savings in Doge hoping to get rich. Maybe. But today it is definitely different. There's no fun, there's no meme. Most of the 'investors' are throwing significant portions of savings, even all of it into these tokens hoping to get rich. Most of whom end up broke and/or heavy bags.

At the end of the day these are not "memecoins". They are high risk gambles or a bet. The only people who really benefit are the insiders and devs who act like the house. And investors are just gamblers/players, a few who win but the majority lose. We have to stop calling them memecoins. They are really casinocoins, let's call them what they are. And the house always wins.