That's absolutely correct. Although the price of FUN token has fallen more than 50% it is still a valuable coin to hold.
I have put all my 2500 coins to the 365 days lock in period and it's quite thrilling to see what the price of FUN will be after a year.
I just hope it pumps up and crosses 50 - 75 sats per coin but even it doesn't I won't be sad for it because of the premium benefits I would have availed by then.
It is a solid token and will have more sustainable price when we have to face with bear market. You can love SHIBA and many meme coins but they won't perform good in bear market.
If you see a token has 100, 1000x growth, and if you participate in, you might be rekted in any day by any bad news. FUN does not have such growth so if in bad days, bad period of market, it won't be divided 10 or 100 times. It safer and we have better chance to see its growth.
Shiba might be volatile but that doesn’t mean it is worse than FUN. In it’s short existence it’s already developed it’s own DeFi ecosystem, launched an NFT collection, and is working on a new layer 2 solution. From an investment perspective Shiba is looking much stronger than FUN. FUN is only useful on a centralized platform and I have my doubts whether it can gain mass adoption as a gambling token.