Nobody should fall for this kind of FOMO investments once they have pumped. Only if you are actually going to use the product, then put in money. If you cannot find a way to use it, rest assured that nobody else will. There is much greater chances of loss and regret after investing in these things.
I get your point. Fomo is dangerous if you are not that kind of person. But based on experience, I can tell you that sometime its work especially the influencer that promote or shill it is highly capable of bringing a good crowd or investor into it. I know its not typical kind of strategy for investors, just telling you that it work actually sometime. Yeah chance of getting rekt is high but the chance also of winning some profit is also good but you must have the timing to exit and dont be greedy.
Im not that conservative, when chance of profiting is knocking your door. Just last night, I fomo on a hype influencer for a shitcoin, well risk a little of 0.3eth and become 1.1eth. Also it goes down after some time. Well good exit, ATH should be 1.7eth, if I exited on that time but profit is profit. I didnt know much about it use case since it a shitcoin. Point here is sometime fomo can gain you profit.