It's been a long time since we haven't heard about "meme" coins going all the way to the moon. Coins such as Dogecoin, Shiba Inu, and Pepe are now "dormant". Does this mean interest in "meme" coins waned? Or not yet? Because Solana is still "giving birth" to new memes. It's the #1 platform for such "shitcoins".
The crypto space was still new at that time, but the reality is what we see now. Though there are still a few of them that are performing 30x, 50x or more, they are all tokens, and not the coin owned by its blockchain. Again, they do not hold their initial gains for long before they sell to become useless shitcoins. We should forget going to the moon mantra, as this is the reality of the crypto market now, and always will be.
Knowing that investors moved away from Elon Musk's constant "shilling" of Dogecoin, there's nothing left for "meme" coins to "pump" again. Maybe a new celebrity or influential person will liven up the hype?
People's eyes are now open, celebrities have scammed a lot in the name of cryptocurrency. So even if their supported coins/tokens win, it will be for a short while.