With investors flocking to the world of crypto, meme coins are the sirens of the cryptocurrency world, luring investors to dash themselves upon the rocks of financial ruin. It almost goes without saying that even mainstream cryptocurrencies carry significant risks, with extreme volatility, regulatory uncertainty, and questionable intrinsic values. Yet, meme coins stand out as particularly dangerous, given they are typically built on nothing more than hype, and lack even the facade of intrinsic value, utility, or any semblance of a sustainable business model.

Therefore, while one might argue for a very small allocation to established cryptocurrencies like Bitcoin or Ethereum in a diversified portfolio, the same can’t be said for meme coins, as even for those bullish on cryptocurrency, these assets represent an unacceptable level of risk for the vast majority of investors.