There are many investors who are long term holders of memecoin as far as I know. Particularly those people who been holding their doge since the time Musk promoted it on SNL.
The ones who sold in the bear market since 2021 to early 2024, they lost the chance to pocket a huge profit since doge could become one of the biggest coin in crypto and it already manifested thru the CMC rank.
Currently, investors in top memecoins are making significant profits as they are all experiencing significant price increases. Perhaps the advantage of low prices has helped memecoins attract investors when BTC is currently too expensive and it is very difficult for investors to own 1 BTC. We have only had one memecoin season in 2021, so I cannot predict the fluctuations of memecoins this season. All I know is that memecoins are currently stronger than AI-tokens.
I love DOGE but don't have too much DOGE, so I can't profit from the recent price increase of DOGE. The same thing is happening with PEPE and many memecoins that have been listed on CEXs, they are confusing the investment community and causing investors want to sell top coins to all-in memecoins
