Several meme coins on Binance, like goat, moodeng, pnut, act, etc., have dropped about 70% from their peaks. Even if they drop further, the downside potential is quite limited. Buying in batches during dips like this will definitely be profitable in the long run.

That's how meme coins are; they surge dramatically when they rise and drop exceedingly when they fall. It's a classic case of 'the bold get rich, while the timid starve!'.