Elon Musk criticized memes and likened them to a "casino," warning against investing life savings in them.

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Golden Finance reported that, according to Degen News, Musk harshly criticized meme coins on the latest Joe Rogan Experience podcast, calling them something akin to a 'casino' and warning market participants not to put their life savings into meme coins. At the same time, Musk also mentioned DOGE, adding that DOGE was initially a meme coin but more like a joke cryptocurrency involving memes and DOGE. Joe Rogan believes that the meme coin craze is too crazy, especially when people are putting real money into it.

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