Good question, TSNP/HMBL comes to mind....and I can't think of any OTC tickers that went from pennies to dollars and are still dollars, they all seem to go round the mountain, so yes, they all have to go back to pennies, or trips like in TSNP/HMBL
Stocks that transition from pennies to dollars typically indicate significant growth and positive momentum in the company. They don't necessarily have to go back to pennies; instead, they can continue to rise in value as the company's performance and market conditions evolve.