is there an example of a memecoin that raised a bunch of money & hype, popped, pivoted to “doing good” after their initial crash re utility & community, and then saw a retracement to highs in the following cycle?

yappin in /midwits & creating idle rpg /animarising

my cynical ass tends to believe that the most useless & aggressive memes sustain cross cycle, or enjoy multiple runs, while anything useful or positive tends to have a hard time retracing after its initial pop

of course, all of these is likely meaningless, as there is no efficiency in meme markets & they generally tend to pump via cyclical or ecosystem narratives & have no real impact on anything

have no real impact on anything outside of that trend*