Everyone building products to launch new tokens.

Basically no one building products to make those tokens actually valuable.

If you're wondering why every memecoin is dumping its because 99% have no means of value capture and no meaningful product experience around them.

Good meme is the starting point - not the end all be all.

Onchain is the new online - FID 206 -  Building /coop-recs

If efforts are made to assign value to a memecoin, it may be limited to a certain ecology and can only rely on the spread of the ecology.