Maybe we are, but I would say this is not good as they don't have good potential in the future.

Elon Musk should be the father of meme coins as he started it with Dogecoin that makes people believe it will rise even $1.
Maybe it's the current hype but like I said it will not last, these people who ride on it now will definitely regret it in the future.

Crypto investment is risky but it will become risky if we don't check the fundamentals of the coins we are investing, instead, we follow the hype.