According to a recent survey of 1,503 global cryptocurrency investors, 73% believe that investing in memecoins is akin to gambling due to their viral nature and potential for quick profits. Many investors do not conduct thorough research before investing in these high-risk assets, leading to skepticism and concerns about their legitimacy and long-term viability. While 53% of respondents expressed optimism about the profit potential of memecoins, 70% believe they carry inherent risks and may even be considered scams.

Investors should approach memecoins with a clear understanding of their speculative nature and consider diversification to mitigate risks. The success or failure of memecoins will depend on their ability to offer real utility and value beyond just memes, with projects that demonstrate meaningful use cases and long-term sustainability being more likely to endure.