The memes don't follow the market, they follow the teams that manipulate their coins market lol. And no, the stories they make are just something they use to attract people not really something you'd consider when buying the coin itself for its possible utility, if there ever was. I guess if it was the narrative your buying then yea sure ig, but by then I'd just suggest investing in a novel writer lol.

And yes, short-term profits are usually the thing for meme coins. They usually pump sky high at some point then dump 6 feet under after some point, maybe a day or two for most of them.