What are the main risks associated with investing in meme coins?

Meme coins present several significant risks for investors. They experience unpredictable price swings and lack real-world applications or long-term viability, making them highly volatile investments. Additionally, future legal crackdowns could severely impact their liquidity and market presence. Investors also face security threats, as meme coin transactions can expose them to hackers and criminal operators. For these compelling reasons, financial experts strongly recommend exercising extreme caution before approaching meme coins, as they could result in substantial financial losses for unsuspecting investors.