Why Do People Buy Memecoins?

People buy memecoins for speculation, hype, and community-driven narratives. Unlike traditional investments, memecoins thrive on social media trends, influencer endorsements, and rapid price swings. Many see them as an easy way to make money without deep knowledge of crypto - anyone, even a casual investor or a stay-at-home parent, can buy in.

Memecoins also resemble gambling—many traders enter just to test their luck, hoping for a random moonshot. The thrill of turning a small amount into life-changing gains attracts risk-takers, much like a casino.