One of the reasons memecoins gained so much popularity within crypto is cos ppl got sick and tired of being dumped on by VC’s/insiders Recently there’s been a lot of attention / capital flocking towards fresh utility launches, but apart from a few (like XPL/ASTER), imo, vast majority of them will inevitably go down only as emissions/unlocks take over Memes on the whole are pure assets. 100% circulating supply, no VC unlocks, no emissions nuking the chart. As they’re free floating, they get nuked when demand dries up, which has happened over last few months. However they can bounce back just as quick when supply dries up When enough ppl get burnt/dumped on with these fresh launches, I believe we’ll see a return to memes… and I believe this happens soon