Memecoins are now what NFTs were in 2021: mostly money laundry

We are seeing a lot of politicians/famous people launching their own coins now. And not only them, there are a lot of unknown people seemingly creating memecoins that for some reason get a huge influx of investments.
And then they all rug.

No one seems to be able to understand which ones will fly, which ones will give us profit if we are quick to invest in... but I don't believe this is random.

In 2021 there was a similar craze with NFTs, which eventually with a lot of analysis it turned out a huge percentage of it was manufactured, it was a way for people with a lot of money that needed to appear as new and legit, to earn it. They would put a dumb picture in an NFT and it would instantly sell for hundreds of thousands, several times even.

I believe we are seeing more of the same. And same as in 2021, there are lots of people thinking that because some got rich they can get rich, and they're just providing more exit liquidity for the fraudsters.