Right now there so many new coins appear in this crypto market, most of them just pure scam. Especially meme coins who don't have real product/services to be offer, i don't know why there so many people who believe on the type of coins like that, especially if they want to hold for the long run.
actually its just matter of speculation, there are many altcoins that are being heavily interested by the general masses like arbitrum and sui.
quite literally the idea being if the coin shows some potential of rising people will flock into it, it just that with meme coin most of the people that are interested are those
that just trying to speculate heavily without caring about the risk of losing their money instead since we all know that meme coin in general isn't really pure speculation
but instead its full of manipulation which is kind of ridiculous that so many are still oblivious to this fact even though there has been many cases of manipulation like smart contract being able to be used to make some rugpulls.