That is the strategy of many that they've been looking for low cap coins that are cheap with a lot of supply.
Because once it pumps, they get the most of its profit and that's why many are keep on researching for those type of altcoins or meme coins for them to capitalized the start of it.
But it's not always as is with what you guys are doing, you'll never know if you've been doing it correctly until they get listed and get some pump so invest wisely.
Yes, you said the facts. People who invest in those altcoins are people looking for huge profit when it is time to sell, which is not bad, but while doing this, we should be sure of the type of coin we are investing in. You know, when a coin is still yet to be listed on some exchanges or maybe a coin that has a lot of supply, although there is no guarantee that it will last in the market, especially meme coins. Most of them later disappoint investors, but they give a big profit at the end because some of them are not even up to $1$ and when you have the funds to buy many of them, you will make a lot of money when they get pumped.
Most people buy these memecoins to make money. Not to hold for long term, lol. By the time a memecoin hits an exchange it means some people already bought it in dexes at much lower prices and with the listing, they will be looking to offload their bags.
Everybody invests to make money, or did you invest to look at it in the wallet? No man, everyone of us here is up to making money from our investment, and I cannot deny the fact that investing in meme coin has a higher risk than investing in other altcoins. However, as an investor, meme coin investment is not really a long-term investment. I only invest for a short period of time and use a small amount of money to do that to avoid another story at the end since I know how risky it is.