No product, no cash flow, no roadmap, and that's the point

Unlike a token tied to a working product, a meme coin's value comes almost entirely from attention, community, and belief that other people will want it too. There's usually no revenue, no roadmap, and often literally no team building anything beyond the coin itself.

This isn't automatically a scam, some meme coins are openly, honestly just a joke people trade for fun and attention, like a digital collectible. The problem is when a meme coin is marketed as if it has real utility or a serious team, when it doesn't.