I agree. Just look at the guy's twitter lately. He was hyping up some "huge" potential SAAS company and stringing people along. You could tell because in the comments you could see people speculating about which SPAC that information was associated with. It caused about 5 SPACs he is associated with to rocket up and then when he finally releases the information it is a smart lock company (latch) and not associated with any of his SPACs...which later sold off.
I was on reddit watching this speculation frenzy unfold. These idiots follow this guy's words and then spin rumors off of them....then those rumors circulate in this echo chamber until everyone is saying the same thing.
Then you have stuff like GME and AMC. I'm not surprised at all what is happening because there are so many people that just see the next big trend and just pile in.