These type of trendy hype coins never made sense to me. These tokens are there because of one thing, which is the fact that it is trying to gain from the name alone. GME was a stock that a lot of people at reddit cared about, so this was done to make it a tokenized version of it, same name and all, and people are buying because of that, there is absolutely no other reason to do this other than that.
I get that we are talking about something that profited some people, so I should feel happy for those people, but I fear that there will be a lot of people who loses money on this eventually as well. Same happened with GME, a lot of people made millions, but also a lot of people lost their entire savings on that stock as well, wasn't good in the end.
It makes sense when you look at this from the point of view of human nature, people want to be wealthy but at the same time they have the desire to achieve that wealth by exerting no effort at all, under most circumstances fulfilling both of those conditions is impossible, so you either work as hard as possible to achieve the wealth you desire, or you give up on it and you accept you will never achieve it but you keep doing nothing during all that time.
However, people see in those coins the potential to achieve all their goals and do so in the way they want, and since there is a lot of people that desire the same, this pushes the price of shitcoins up for a time and it allows a few people to get the wealth they wanted to achieve.