This is just whale accumulation and when some people buy it and hold for some time they rugpul the price. Memecoin is just like gamble but you should not be a long holder. I give you good profit in hours but very Risk that you will lose all.
Buying meme coins is like betting for profit, because the meme coin market is no indication other than big news from people who have been influential, so now the Shib price is low and may be able to buy with low allocation for long term holding.