A few years ago I read Nick Lane’s The vital Question , which explored “junk DNA” extensively, in the context of abiogenesis. The analogy I particularly liked was that they are little turing machines, and the very original stuff of life - indiscriminate, self-replicating, and therefore part of the bootstrap for everything that came after. Also, more on LiNE. https://en.m.wikipedia.org/wiki/Retrotransposon#LINEs
They are a very specialized DNA chunks that retains the absolute bare minimal needs to trick a host to replicate them. They are parasites.