Do meme coins have value?

As a keen observer of the cryptocurrency market, I've often pondered: Do meme coins truly hold any significant value? These digital tokens, often inspired by popular internet memes or jokes, have surged in popularity in recent years, yet their underlying value remains a mystery to many. Are they simply a fleeting fad, or do they possess some tangible financial worth? Are investors merely indulging in a fad, or is there a deeper economic rationale behind the meteoric rise of these so-called "meme coins"? As the crypto landscape continues to evolve, it's crucial to examine the merits and drawbacks of these tokens and determine whether they're worthy of serious consideration in a diversified investment portfolio.