I do not think this is correct. A coin that is pumped and later dumped, left and become totally shit is not like that. The money earned which is for the profit for developers and those that invested early if they are luck (because they can also lose), the money are lost by the people that invested later. For any coin which is not a store of value like bitcoin, as someone gain, so is someone lose.
What I meant by the long run is the existence of shitcoin, not the projects that dumped (obviously it will died out) . Im active on X so I definitely sure I know what I am saying cauae I can see it and Im also doing shitcoin trading that devs and users earned and loss too. Why do you think they keep doing it all over and over again? They want to lose every time only? Ofcourse theres some profit in there somewhere.
I bet you dont do shitcoin, so Id kinda disagree with you on this. Speaking from experience, and not just by opinion alone.