Some meme coins can increase in value 1000x and others can lose all value and become unavailable to trade. Be aware that meme coins with low liquidity or low market caps are more risky than others. If a meme coin you bought lost all value, there’s not that much that can be done. This is why we recommend users to never trade more than they are prepared to lose!
The world of meme coins contains many scam tokens as well. These range from honeypots - tokens that can be bought but can't be sold, to rugpulls - tokens that gain value very quickly and then drop to near zero quickly and no longer have enough liquidity to support selling.
We advise all new users to stick to Spot's verified list of tokens, which appear with a blue checkmark next to them. While these tokens are still very volatile, as all meme coins are, they are verified by our team to not be deliberate scams.