pure memecoins are a pyramid scheme that will collapse as soon as 

A) the same people keep winning (as this means the average person is losing $ consistently)

and

B) new buyers entering the system are exhausted (there's a limited amount).

A is already happening (KOLs are driving token prices top down) & not sure how much of B is left.

History rhymes - exact same thing happened with NFTs.

Building FOSS via @frames, /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

if you want to make money, you need to ask yourself at what point will the cohort that bought before you sell, and leave you holding the bag?

Good observations. 

Among many reasons, it's been hard for me to get into meme coins. I think the main reason is I can't just sit and hodl, which it turns out I'm otherwise pretty good at 😉