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 is quite limited. Buying in batches on dips like this will definitely lead to profits.
That's how meme coins are; they surge aggressively when they rise and drop extraordinarily when they fall. It's a classic case of rewarding the bold and starving the timid!