“Memecoins are scams and Ponzi schemes!” — How to respond effectively

A lot of people see crypto as online gambling — almost a scam.
Then you’ve got another group: people who’ve understood and adopted “crypto” but only believe in BTC and a few altcoins with supposed “utility.” They think a token only has value if it’s building a new technology or tied to a big tech project, like the AI meta in 2024/2025.
They hate, mock, and claim memecoins are scams, useless, and harmful to the image of crypto in the eyes of the general public.

Let’s break this down together so you are prepared for the next time somebody wants to debate you on this topic.

Here’s what we’re covering:

1. The arguments against memecoins (some are valid).
2. The arguments for memecoins and why they’re legit.

I. Arguments Against Memecoins

1. “Memecoins are scams”

It’s part true: over 95% of tokens launched are either rug pulls, pump and dumps, or slow rugs.
But not all of them.

The pump fun trend, which made launching a token on Solana ridiculously easy, has damaged the reputation of memecoins and also user mentality.
Tokens like $Trump, $Melania, etc., didn’t help either — they made things worse in the eyes of the public.
Then there are influencers and groups like the Shib team who push pump and dump schemes and make tons of money off their communities.

➡️ The key? Don’t jump into every trending token. These tokens usually have bad distribution and influencers will dump on you over time. Take your time to research a project, to jump into a TG group and get to know the people and their vision.
Invest in strong communities like Kendu — not in hype or influencers.

2. “Memecoins are Ponzi schemes”

This is the go-to argument from people who hate memecoins. And I often see people not knowing how to reply.

➡️ A Ponzi scheme is a scam where investors are promised a guaranteed return. That’s not what memecoins do.

Memecoins are speculative assets, just like stocks, gold, fiat currencies, etc. The more people believe in the future of a coin, the more they buy, and the more the price rises.
But everyone knows the price can also drop — even more so with memecoins.

There are no promises, just open market value.

3. “They’re too volatile, they always die, you have to sell before everyone else”

Again, this fear comes from what pump fun caused. A lot of people lost trust in DeFi because of that.
It became a race to sell before the rug or the dump.

➡️ To avoid this, you should focus on tokens that have been around for over a year, like Kendu, which has an active community building the project no matter if the markets are green or red. That’s what makes it secure.

4. “Without memecoins, crypto would have a better image — they’re stupid”

Wrong.
If memecoins didn’t exist, crypto would be way less known and less adopted.

Memecoins are easy to understand and built around community spirit.
They’ve already brought — and will keep bringing — millions of people into crypto for the first time.

Now yes, I understand where the frustration comes from:

• childish metas like fart/pee/shit/etc coins.
• Celebrity scams/pump & dump coins like $Trump, $Melania, etc.
• Political/rac-ist/illegal coins like the na-zi meta or others.
• All other stupid meta that will show a bad image of crypto to the whole world.

I totally get why people are asking for DeFi regulation (even though it wouldn’t make sense in a truly decentralized world), that’s why we have to focus on “good” projects to help DeFi for a better adoption.

5. “I only invest in projects that make sense — not some dog picture with zero value”

Ah, my favorite one!
Usually said by people who feel intellectually superior — tech lovers, utility-maxis.

➡️ Reminder: a utility coin is worthless without a community.
And it’s actually super hard to build a community around a purely utility-driven token.

People buy in before the utility is launched and dump as soon as it goes live. Then no one cares anymore.

Utility coins are often pure “buy the rumor, sell the news” plays.

Memecoins that succeed often build a strong community first, and then develop a real ecosystem.

Take Kendu as an example: right now, a real-world ecosystem is being built around it.
Products, services, and companies launched by the community, under the Kendu brand:

• drinks (energy drinks, coffee, tea)
• video game studio
• game board
• Telegram bots
• arts (murals, anime, music…)
• events company
• sponsoring sportsmen, festivals …and more.

A true community empire is forming. And only a strong, loyal community can pull that off.

https://preview.redd.it/qx3azqsz10ve1.jpg?width=926&format=pjpg&auto=webp&s=07995e7ecaa3477c431764a50f06406572ac45e7

II. Arguments in Defense of Memecoins

1. The first memecoin in crypto history was Bitcoin.

That’s right.
The token that gave legitimacy to the entire crypto industry — now considered a strategic asset by the most powerful countries in the world — was a memecoin at the start.

Only the BTC maxis believed in Bitcoin for years and supported it the same way a community supports its memecoin. Bitcoin has no more inherent utility than a basic memecoin — its uniqueness lies in being the first. It’s a speculative asset with no specific utility, but the community relentlessly pushed it forward. Today, it’s the most important asset in crypto and is even compared to gold. Now, do you see now the power of a dedicated community?

2. They’re not Ponzi schemes, as explained earlier.

Memecoins don’t promise guaranteed returns. They’re speculative, open-market assets just like stocks, art, or collectibles.

3. Memecoins get their value from their community.

It’s a social and digital phenomenon, not just economic.
The value of any asset or currency comes only from what the market — people — are willing to give it.
Memecoins are supported and seen as valuable assets by their communities.

➡️ If a community adds utility or real-world value on top — like Kendu does — the memecoin has strong long-term potential.

4. Thanks to their communities, memecoins are marketing powerhouses.

They can draw massive attention to:

• crypto in general
• a specific blockchain
• a new technology
• or even real-world products branded under them (like Kendu energy drinks)

Memecoins are cultural weapons in the attention economy.

5. Here’s something you can say to a skeptic:

“Yes, it’s speculative — but it’s not a Ponzi. It’s a community-driven asset with cultural and viral potential. You don’t have to believe in it, but some memecoins — like Kendu — have done more than projects with 50-page whitepapers.”

Final Thoughts

No, memecoins aren’t perfect.
A lot of people and projects have hurt the industry, and that’s the main reason behind all the FUD.

But what we can do is support projects that truly carry community values — and ignore the garbage: the cringe names, the pointless hype, and the influencers dumping on their followers.

If a token just launched 10 days ago and it’s already all over X — you’re likely too late. You’ll probably lose money.

I see memecoins as a real opportunity to give people financial independence and even cultural influence in today’s world.

That’s why I believe in Kendu.
We promote a fighter’s mindset — pushing to succeed in life with respect, loyalty, and honor.
We grow stronger together, making each other better over time.

It’s real. It’s powerful. And it’s worth being part of.

r/KenduInu_Ecosystem

ETH: 0xaa95f26e30001251fb905d264Aa7b00eE9dF6C18

SOL: 2nnrviYJRLcf2bXAxpKTRXzccoDbwaP4vzuGUG75Jo45

BASE: 0xef73611F98DA6E57e0776317957af61B59E09Ed7

CG: https://www.coingecko.com/en/coins/kendu-inu
CMC: https://coinmarketcap.com/currencies/kendu-inu/