Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !

New memecoins at the pump and just dumped, i see a lot of memecoin ending in rugpull but new investors use this hype for profit, i don't see new memecoin project has utility that can be used for the long term, every time the project keeps coming and offers tokenomic that looks profitable, be careful when chose memecoin because many of those projects ended in fraud and harmed investors.