I have indeed been seeing that one pop up, im surprised that meme coins like this that have no real idea behind it gain so much traction...
like I created an innovative meme coin with tokenomics designed to blow all other coins out the water with long term hodling, yet im finding it very hard to get the word out...

One can not really explain what is behind most meme coins' performance lately and with the so call hype that has been going around with some altcoins, am sure most investors and whales will really want to cash out their profits thereby dumping the price.
Meme coins are perfect for short-term speculations and they are not suitable for long-term holding.