Meme stocks are making a notable comeback as retail investors drive prices up by 60% amid a climate of fear of missing out (FOMO) and market volatility. While some analysts warn that investing in popular meme stocks may be an exercise in futility, the recent resurgence brings both opportunity and risk. A dip-buying impulse persists among investors, reigniting interest in stocks deemed as having potential for short squeezes. However, caution is advised as mediocre meme stocks are reportedly back, and the market around these investments is filled with uncertainty. With discussions about meme stock mania extending beyond platforms like Reddit, new candidates are emerging as potential sensations among Wall Street watchers. Investors are urged to remain vigilant, especially regarding potential tax implications and market euphoria driven by social media trends.