Definitely and that is why I don't see it having any negative effect at all,the simplest means is to exchange one token for the others and have more in your cabinet.
The positive side of it is much to me and I think it is a perfect means of getting everyone rich on time
You didn't see this because cryptocurrency is still early but just imagine the number of shitcoins and rugpulled coin there are right now all in the name of using what its trending in crypto space.
For example if playtoearn is trending or nft,they will use it as a means to create their own and start manipulating the price from the developer
The problem here is that people don't wanna make research.
They just fomo and regret it later
And this is where the investor makes their profit, because the market takes from impatient investor and give patient investor