It won't be a surprise if the fate of this coin will be the same as shib for which the coin pumped a lot and then later on was dumped badly by its whales. But this is a good protest against Elon and at the same time the developers and buyers of it would have the opportunity to make out of that protest. But just be careful that coins like this don't last and as long as you'll be able to make some and earn some, you are responsible for it.
The foundation is weak as we don't know if the people behind it is just using the name of Elon that want sympathy from the public. High likely that this is just to fill their pockets. This will turn to be another crap token under BSC network. So people should really be careful in riding this kind of hype. Think how they can go against Elon? Can they really beat Elon or they just want their own money here?
The purpose is obvious that they have made it to protest against Elon and at the same time to encourage those meme coins to invest to this coin too. It may have a weak foundation but I don't see any importance on it. You're right that it's going to be another crap token which is no longer new whether they name it with a popular person as a protest or attaching it to make it look good. But it all ends up that this is just a hype and there will be gains which would be the devs, they know that they cannot beat Elon and there's no need to.
