You won’t like this but pure memecoin might be done for good. And that’s a good thing.
Just to be clearer: i’m talking oure memecoins. Pengu and Rekt are brand/culture coins, with valuable IP’s and an underlying product, I’m very publicly very bullish those and hold both. Bonk is not a pure meme either, has the buggest launchpad in solana right now actually, had a trading bot before. And more are following these paths. Also, it's quite intuitive that things that went down 90% or more are gonna bounce harder percentage wise here and there, but you can see graphs are doing the diminishing circle thing, and almost none whatsoever reached new all time highs this cycle. Again, I'm talking pure memecoins, not brand coins, not culture coins. And I'm also clearly not saying the biggest trend of the last two years is over overnight, but I think post Trump launch and death of the trenches "myth" because of all the scamming and extraction exposed, they will give deminishing returns and eventually just not matter much anymore. There are better ways to monetize and financialize attention, and better primitives altogether for that getting built as we speak.
20.02K