They're scared it'll moon when they take it out. I have a friend who bought DOGE somewhere around a nickel. He held through the Elon pomp, despite my TA expert friend telling him to take profits, and is now convinced DOGE is the coin of the future.
Maybe DOGE will be the coin of the future. I'm not gonna try to tell the future. But what I do know is the Elon pump was a rare event, meanwhile, the SOXL just dipped and is rising constantly.
Unfortunately, people who commit to a position often make up predictions that will vindicate them. At least he's still up by a few percentage points, and not down massively like the GME chumps.