Still not a vise investment strategy.
According to coinmarketcap there are 1.8 mln crypto projects. F*king 1.8 mln ! So the chances to find PEPE, BOB, JIM are 1: 600 000. So even if you made x1000 with them its still 600x worse than just go yolo in roullete with all your money. And thinking that you will catch a good meme early is inherently wrong, because their success depends on the ability of the market operator, marketing and capital behind the project, and you can't guess that based on the name.