Well, to be honest, alot of lucky champs have made unimaginable profits from trading new meme coins on DEX exchanges, while we can not also deny the fact that alot of unlucky persons have also lost significant amount of money too.
As unfortunate as it may seem, I happen to be among those who have traded new meme coins on DEX and have lost quite a large sum of money, both my coinbase wallet for base tokens, phantom wallet for solana tokens are both filled with shit meme coins that have been rugged by their developers and no way to sell them.
Right now, I've resolved to not trade DEX only based meme coins anymore, as the risk to me seems like its no longer worth the potential to profit, it's almost like a gamble one can never win, so instead of wasting money there, I did rather find meme coins that are entering centralized exchanges and invest in them early.
With the bull run coming, there is alot of profit to be made from the crypto market, makes no sense to lose money to unserious developers who create tokens simply as a way to reap from others hard earned money.