Yeah, I fully get where you are coming from, and from a fundamental point of view, you are100% right. The question often in crypto though is if you want to be right or if you want to make money. Those for some reason are a completely different thing in this space.

I don't see meme coins as an investment, I see them as a degenerate gamble in the short-mid term that have a certain risk/reward attached to them with insanely good odds. Memes are the new form of casino game with a skill factor attached to them. There will be some big lucky winners, those who get the timing and selections right will also win but the majority in the end will be left crushed as for every winner there will need to be a loser.