is dogecoin a pump and dump scheme?

I feel like dogecoin is just a pump/dump scheme. Pretty much all the users on the subreddit r/dogecoin just make memes and claim that it's what will make them rich. I feel like dogecoin is for those who don't know anything about stocks/cryptos and just purchase it because they think they are smart and they hear Elon musk, tim draper, mark Cuban purchase dogecoin. They purchase it themselves.

Dogecoin is just being carried by memes and when Elon gives a shoutout to it. Then the value increases. I've noticed numerous users on the dogecoin sub have little-to-no idea of how crypto and trading works. It's just a bunch of people/kids talking about how it will go up and how it will be big and it's a smart strategy to get more people to buy more dogecoin.

I feel like most likely it will crash as it seems like a pump and dump. But again, I don't know for sure. Who knows?

What do you guys think?