People are still doing it as satire just with billions of $ and people making a profit.
Elon Musk could have picked anything, he picked Dogecoin because... satire.
I think people still don't get in an inter-connected world for 7 billion people and losing established religions and other old mind memes jokes are worth billions, people will lose and gain lives over them, they will spend parts of their lives centred around jokes. They won't go to church, community markets or medieval fairs, they'll go to Dogecoin stores, why not?
Dogecoin was just a cookie cutter crypto with marketing and I would think mostly others took his idea and meme'ed it to the moon.
He can change his mind, but it still is what is was day one.