Out of nowhere, it came and is under top 100 coins based on marketcap. I find the situation very funny. With this rate of growth I would not be surprised that in few months, it replaces Bitcoin and becomes number one coin based on market cap.
The biggest question is: can the rate growth be sustained? There will be a point that investors stop pumping it, and then the price will stabilize. This is not an extra ordinary type of coin that can be a threat to Bitcoin dominance; you can check the stats to see the huge difference.
The success of investors investing in these type of coins should also not be celebrated because it leaves a wrong impact on mind on new crypto investors.
You need to understand that in this market there are a lot of types of investors, and many are involved in pump and dump and quick profit. They may have profited investing in memes, but they also lose a lot of money investing in the wrong memes.