There are a lot of meme coins now because they are popular and hype is around them, but the price of meme coins depends on their popularity and the number of people who use coins, so it is very important to sell meme coins.
With bitcoin turning bearish meme coins are no longer pumping, I guess that means the hype is over the bubble has finally popped and so many people have become rekt by the meme shitcoins, because they invested in a meme coin with no use case and was expecting over 1000% in return, it's really funny how most people joke around with their hard earned money, meme coins aren't worth buying or investing in them.