Personally, I am not a big fan of these meme coins but we can’t dismiss the popularity of the coin, especially due to the sparked interest from a few prominent figures and how they have influenced people in favour of the coin. Ultimately the value of the coin is decided by its demand and supply.
That's true, but don't get me wrong that they can also throw them out any time they want when they are satisfied with the profits they've already earned, so everyone should also be careful of any meme coins that have a high supply, because if they can go up quickly, then the decline can also be faster.