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

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.