So with a better understanding of what brought us to this point, do I think the memecoin mindshare lasts? For at least the medium term, yes.

For memes to lose mindshare, we need to see an innovative new narrative that is truly crypto native (ie., not a centralized hybrid tech) with decent ponzinomics. And the unfortunate reality is that this is much harder to achieve now than it used to be. AI is the closest thing to this right now, but in most cases runs into the question of “why do we even need crypto for this?”. As mentioned in a previous post, I see there being a couple interesting bluechip exceptions to this. There are also a few DeFi projects in the pipeline that I consider to be interesting + innovative, and I have hopes could be the beginnings of a newer narrative down the line.