I'm not so sure anymore, maybe a few months ago I'd be convinced that this memecycle would live on Bitcoin, but with pump.fun and the whole SOL craze I think they've captured that market and more power to them, i'm more than happy to see that wasteful expenditure in another ecosystem

I think meme coins are super price sensitive and when you add a hurdle rate that is a volatile fee market you scare off a lot of retail, these people want to expend as little as possible to get their lottery ticket

The whole narrative of fair mints also seems to be dead in the water, the crowd is fickle brother, you need only conjure magic for them once and they will follow the new messiah