I believe so that it has waned already because of the market shift from the bull run to becoming the bear market. Memecoins are a part of it and the interest of the investors has decreased from it. With Elon shilling dogecoin before, he's probably out of the league but we'll see if we're in the midst of this bear market and he starts to advertise it again and post into his X account. If the people are still on it and if his influence can do something about the bear's volatility but right now, it seems he's got involved into the controversy of the Eipstein files and he's alleged seeking to get into the island.
If we look at the past discussions happening, we could see on meme coin threads that lots of people here already throw their negative concerns against those shitcoins. This indicate that many people are now avoiding or not looking at this as best option to invest.
That is their problem to deal with because I am sure that when they've asked which coin to buy, many of us told them to buy Bitcoin. But, they ended up choosing those meme coins that are typical pump and dump coins.
I think that those past scams happened change the way how people look at those coins, maybe at this point lots of investors already know that meme coin is scam and not good do deal with especially if they are looking for serious investment. Its volatility is crazy and so unpredictable, we can also add up that the dev create that shitcoin can rug pull their investors anytime they want.
Only some memecoins are loved by the community and everyone knows that. But when the meme coin community have embraced a lot of its variety, that's when they're taken advantage by those scammers.
