Elon musk is very influential when the meme coin goes up and can even build market charts, for me this is a little manipulation because memes won't last long in the market, I won't do anything just watch how the meme coin develops and lasts until when in price tall one.
if you want to make a short trade on meme coins you can get 2x profit, it's just that the risk is very large. I personally also don't dare to take that risk, because most meme coins after pumping high then drop very drastically. even if true can survive , but it takes a long time to recover.