Several meme coins on Binance, such as goat, moodeng, pnut, act, etc., have dropped about 70% from their highs. Even if they drop further, the downside potential is quite limited, so it's a good time to buy in batches at lower prices.

That's how meme coins are; they surge sharply during a rally and drop extraordinarily during a decline. It's a classic case of rewarding the bold and punishing the timid!