Memecoins pose risks due to extreme volatility, leading to sudden price surges and crashes.Scam projects, such as pump-and-dump schemes, rug pulls, and fake launches, are common in the memecoin sector.Lack of regulation exposes investors to risks, as most memecoins operate outside traditional oversight.Celebrity and influencer promotion contributes to hype-driven buying, often leading to impulsive investments in memecoins.