The Greater Fool Theory states that you can sell overvalued assets and still make profits. An investor would likely purchase questionably priced assets and sell to a greater fool who would pay higher for the said asset. It is predominantly seen that people are drawn to assets whose prices are increasing. They think that its value would go up in the near term.
Dogecoin, Shiba Inu, Akita Inu are the top meme cryptocurrency with growing utility. We have seen a lot of millionaires and billionaires trading these cryptocurrencies. It inspires many investors to trade popular meme cryptocurrencies. Sometimes, these meme coins can be scams. There was a Squid Game'-themed token as well. It was not listed on any trusted exchanges. Many investors traded the coin only to realize that it was a scam.