Previously cat, duck, goat coins, now after Trump launched his meme coin, many developers are trying their luck to find profit. They are just make sensation and just joke.
Whatever the name, I want to buy it if the price has gone down completely.

It is how the market works, and it is easy to realize it when one takes a look at the previous trends the alternative market for Cryptocurrencies have followed, at first it was all about making faster copies or Bitcoin, like Litecoin, Dash and Dogecoin, then when Ethereum got launched it was all about smart contracts and Defi, there were tons of Decentralized exchanges which ended up being useless for the minimum liquidity they had when compared to Uniswap, then came the food tokens and dog ecosystems (shitcoins), and now we have both alternative currently based on AI projects and politics.
I don't know about you, but starting a project with politics as base and not having much of utility (beyond pumping and dumping according to the popularity of the president the coin represents) only tarnishes the reputation of the whole cryptocurrency community, specially those who still believe there is future for alternative currencies to thrive in this volatile and unpredictable market.