According to Lookonchain, an investor profited approximately $7 million from a memecoin named after CZ's dog, 'Broccoli.' The initial investment was only 1 BNB, valued at $707 at the time, resulting in a 9,900x return. This highlights the potential high returns in the memecoin market, though associated with high risks and volatility.

According to @AltcoinGordon, meme coins pose a high risk in the current rotators market. Traders should exercise caution and consider allocating only small amounts for these high-risk plays. This approach is advised to mitigate potential losses and maintain a balanced trading strategy.