Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.
This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.
To read about 1000 to 100K journey:
Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, DogwifhatIs that person selling his coin already? Because if not, he can never expect such a trend to come back, not anymore. Hype project just rises in no specific time but they drop forever. If we miss selling them during its peak, we can no longer expect to rally back anymore, it was a normal condition on altcoins.
Meme coin price manipulation remains but the question is if people are still buying them. Or they ignored it because of the risk and huge possible losses. Now, we can see the investors are getting smarter, they've learned already, and no matter how these meme coin creators do, that won't change their market insights, still they are shitcoins.