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?

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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*

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

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only one i can think of as well. did doge ever do anything “good” tho or was it always just a tool for Elon & Cuban?

I would be shocked if there was. It's almost always: Way up, slight drop, up again, ATH, big drop, back up to 75% of ATH, and then bumpy ride down to 1-5% of ATH over the next few weeks/months.