One of the biggest risks of investing in meme and shit tokens is their volatility. Because they are often created as a joke or for entertainment purposes, their value can fluctuate wildly and without warning.

Another risk is their lack of real-world utility. Unlike other cryptocurrencies that are built on blockchain technology and have real-world applications, meme and shit tokens have no practical use outside of their entertainment value.

However, there is also a potential for high returns when investing in meme and shit tokens. Because they are often low in value and have the potential for viral popularity, they can see significant price increases in a short amount of time.

Overall, investing in meme and shit tokens requires careful consideration and a willingness to take on higher risks for the potential of higher returns.

Works Cited:

Rizzo, Pete. "Meme Stocks, NFTs, and Crypto: How to Navigate the Wild World of Alternative Investing." CNBC, 2021.
Giannakopoulos, George. "Risks and Benefits of Investing in Meme Coins." The Financial Express, 2021.