So that's what will pump up meme coins, where there are very influential people behind meme coins, doge for example. We know that Elon has tweeted about doge several times and that has made him go up, that's what the fans of this meme coin have been waiting for.
Some time ago I also saw my friend enter the doge market, I don't know whether he bought it or not, but what is clear is that he once told me that he was going to buy doge and maybe now he already has it.
Many investors are like that, even today they still buy and hold Dogecoin waiting for Elon Musk to play with it like before, make tweets or discuss Dogecoin. And they are sure they will get big profits, if I still play on top coins, don't buy meme coins.
Yes, they seem to hope that the whales will come in and create a new hype for this doge coin, and there are many of them who still hope for this meme coin, even though the risks are very big.
However, from what I see, those who still hold these memecoins are those who have already made a profit, yes you could say that the coins that are in their wallets now are their profits, because they have already withdrawn their profits first. This is actually a strategy that is implemented, yes, they hold on to profits, so even though they have to make a loss, it is a loss of their profits.