The logical conclusion... is that they just run out of money. It's more from the sports-gambling crowd (which people can do if they want, it's their own money) and the sole purpose of that industry is to drain liquidity (funds) from the impatient funneling it to the 'patient'.

I don't see how gambling on memecoins on a relatively expensive blockchain (btc) is in any way responsible. Every single ****coin minted on Bitcoin is literally just throwing away money.