Most Meme coins are now dead. People thought they were going to move like dogecoin, it doesn't work that way. People are scared of putting $5k in bitcoin but choose to put $20k in Meme coin and today they are rekt and helplessly watch bitcoin soar.
Except dogecoin.
You're right, that most of them are likely to be dead already and investors of meme coins are still hoping that someday these coins will make them rich.
With those likes of safemoon, shiba, and others that have pumped before, they're too late from the pump that those did.
indeed the exception for dogecoin. even Doge is currently starting to wake up again, with some very influential faces in the crypto world entering his advisory ranks, namely Vitalik. This will increase Doge's popularity and market confidence. even if it's just a token meme, but doge isn't totally kidding. we come to know that a tweet and popularity can lift the price.
while other meme coins that appear because of the trend, most of them don't last long. just like the pump and dump scenario. some are actually scams, so be careful