Just view it like any other meme and that they’re mostly exiting the market and won’t be good for long term investment. It is a one chance investment, which means it can or cannot go your way depending on what the developers wants for the project on the long term. I don’t really see a lot of potentials in many of these meme coins that already made big names on the internet, i feel their aims are already achieved and won’t mind exiting the market if theirs no inflow into their project again or they can’t withstand the market volatile nature anymore. So trade them at your risk.

No, it’s just a meme token that doesn’t have any use the reason why it skyrocketed is because of rapid growth in their community who are interested in Meme tokens but like I said it does not have any use so if people do not have any more interest in Meme like Shib it would just die gradually unless developers develop something that can make this token as primarily used.