This is the only "utility" of meme coins. To transfer wealth from the many to a few. And people in this space keep glorifying it, encouraging it, and cheering it on as if the proliferation of meme coins is going to "save" this industry while it's doing the exact opposite. I can understand those who are actively trading these assets- you can trade anything that moves and make money while managing risk at the same time. But meme coins should not be viewed as "investments" because all you are "investing" in is attention and hot air, and the biggest beneficiaries of this attention are insiders (9/10 times), not the average joe.(CrediBULL Crypto)