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, DogwifhatThis actually rarely happens but unfortunately, the media always reports things like this so it seems to be the right picture that investing in altcoins is a good way to get big profits quickly, even though it's just a coincidence and if anyone wants to look for data there will be that are struggling because they experienced big losses.
There is no way for investors to be able to choose which coins will be pumped up to thousands of percent in a short time, so buying them is like gambling, it will turn into gold or ashes, and more will become ashes but newbies will be trapped in investments like this.