Op i can say the project you mentioned, was shitcoin without checking. Even i doubt it already dead Cause it is clear that authority wanted to launched hat project for take advantage of valiatine only. This project doesn't have any solid reason why investors should invest. I won't say never invest in new project but always check them proper before any step. Development teams, their social accounts, communities, their reviews, their goal, verify their partnership and there are lots of fundamental thing what should you analysis. And when you are applied to losing money then don't include yourself with such new projects specially when its a memecoin
It is surprising to me that people still invest in new meme project. I have heard about a person who launches a new meme project every few days and then shares the project on social media to attract new investors. I think they even list those projects in some dex with reasonable liquidity to show investors there is enough liquidity for them to exit anytime but what they do is dump their tokens to new investors, then delete that project's social media account and move into a new project.
I don't think crypto scam can ever stop. So this type of person is just creating coin for his own interest which is to scam investors after dumping on investors. This is why it's important you do a good research before investing in any project.