Eight questions about how memecoins actually work — the mechanics, not the memes. No prices, no predictions, no numbers you would have to trust me on.
If you get these right, you understand more than most people who are currently buying.
Mechanics before opinions
Most arguments about memecoins are arguments about price. Almost all of them would disappear if both sides understood the same four mechanics: where the price comes from, where the money comes from, what the creator can still do, and what happens when you try to leave.
Knowledge does not protect you by itself
Every one of these answers describes a way to lose money. Knowing them is necessary and it is not sufficient, because the failure is rarely ignorance — it is doing something you already know is unwise.
The useful question after a quiz like this is not “what else should I learn” but “which of these did I already know, and still ignore.”
If you want the mechanics in sequence rather than as answers, the pump.fun guide starts at the launch and works forward, and the scam detector quiz is the applied version.
Not financial advice. Mechanics described here are general and may vary between platforms.