experienced users understand that meme coins are too risky for investments but many newbies want to earn fast and easy money that's why they put their money in such coins as SHIB, DOGE and others.
But many experienced users also used meme coins as scalping tools to earning some profit from it. The difference is many newbie just all in into meme coins instead of divide the funds to the real projects first.
I'm sure those who bought the meme coins are not stupid to hold the coin buy they are just buy it for random speculation and hoping the pump is not over yet when they enter the game.
The stupid one is the one who "invest" on it, the one who trust the coin will growing a lot in the future and still holding them in a profit position.
But people who lost because of speculation, just take it as a lose while doing gamling
Its a bit true, that kind of investment is weird and unacceptable if u share it story with another investor. You would end up like a fools if doing "investment" on such meme coins.