Can they? I did not trade during the 2001/2008 crashes, so maybe I'm just ignorant, but why would anyone buy memestocks, when I can grab top tier SP500 companies for 10-20 P/E? Sure, growth stocks exists, but memestocks seem to be a sign of liquidity flowing into the market without much thought / looking for opportunity in uncommon spaces, because the good companies are trading at sky high prices.