These guys are only able to sell their shitcoins at this rate, because someone else is purchasing them. And the buyer in all probability is going to end up in bankruptcy.
For the buyers of this sort of cryptocurrency, it's all about "getting rich quick", and the only thing they need to draw their attention is hype and one or two success stories, it's basically almost the same thing as when the DeFi hype was in the crypto network, quite a lot of people invested, only to make "quick profits", but it wasn't to be as they invested in the wrong projects that was either a scam or was hacked; this caused quite a lot of people to lose their funds.
Some investors fancy shit/lottery coins to Bitcoin cause of the possibility of it turning their investments into something big, but that's only during the period of it's pump, the thing is it'll also dump sooner rather than later, thus that's the reason why coins with long term sustainability like Bitcoin is the better option for investors.
This whole crypto currency investment is all 'bout getting rich quickly
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
There's no other use for 99.99999% of thousands of these coins which all make claims to solve some unique problem yet in practical life there's been no application or mass adaption of them.