Most meme coins usually get a huge pump when they get listed this is why meme traders are still investing in it even if the risk is too high.
This is more likely a gamble rather than a trade more of luck rather than skills or analysis.
We can liken this meme, be it a cat or dog or a famous personality, to a Ponzi scheme: the early birds will get the most profit while the late investors will eventually get scammed. Investing in memes is whales' games because they can manipulate the pump to make it appear that its getting support. If you do not know how to read their action or do not have insider info, you will get burned.
So only invest if you have these two.