Trading with extremely volatile altcoins can be very risky. You are going to have to execute your trades well and timing is very crucial in here. Not everyone can trade these very volatile altcoins regardless of how profitable they can be. Altcoins that are less volatile can be traded easier like ethereum for example.
Sure, check this for example
$NKLA Went from a $23B market cap stock to 0.

https://x.com/DaanCrypto/status/1892194530247553246