These days I have seen the coin $FUN rampaging on social media. In my assessment, this coin falls into the category of burning funding, similar to previous coins like TRB and REEF.
For me, this coin can be timed close to the funding fee payment time (currently the funding is negative) to create a long position to profit from the fees. With the current negative funding situation, there is still a chance it might continue to short for a long time. However, the optimal strategy is to trade short to profit short, and one should not hold positions for long with such coins.