In British Columbia there used to be the mining exploration companies that would list on the Vancouver Stock Exchange (which no longer exists). As far as I could tell, they would send one or two people into the boonies in BC somewhere. They would then write an hyperbole filled prospectus to persuade people to buy shares in this company. I once emailed the owner of one these companies to ask what the exit was: in other words, what would the payout be if I held out until the end, assuming they had actually obtained rights to a viable gold or other valuable mineral deposit. Instead of an email reply, I got a phone call from the owner. He never answered the question, just lots of BS about why I should buy more shares. But at least in the case of these scams, there was the small (vanishngly small?) possibility of a good payout. But what is the exit for memecoins? As far as I can tell, the idea is you buy them on issue, hope the hype drives them up to ridiculous values within hours, and then dump them. Please correct me if I'm am missing something.