That's the case with every meme coin, they don't have much of a use case anyway, it's just the initial hype that makes them gain some value, but overtime as the hype fades away, they start losing traction and eventually fade away from the markets as well and another one replaces them and have the same faith over time. That's how meme coins work in the first place, it's all about understanding them.

Those who buy these meme coins late and hope that they might have another cycle of the same level of hype and provide them with substantial profits are wrong because that doesn't happen. It's better if they try their luck with a newer meme coin which might get some hype and earn them some profit if they aren't unlucky.

Holding old meme coins and hoping for a price rebound isn't wise, in my opinion.