Question on investing strategy

I have a question on re-investing strategy. I invested $500 in a meme coin and I got like 240 bn of that coin. Last 2 days that coin saw 200% rise and I my total return from that coin is like $2000. If I take out that $2000 now and reinvest in the same coin, I will get 400 bn coins which is more than double what I have now. Seems like if I do this I would get more return if the coin value increases. Am I missing any potential downside? Any feedback will be much appreciated. Thanks!