This is what happens when you go for cheap popularity instead of building trust! The meme coin frenzy will eventually fade out sooner or later.
Focusing too much on meme coins will be the reason for Solana's downfall if they don't correct themselves.
Think of the money people have lost gambling on meme coins like Trump, Melania or recently milei's Libra. Only the insiders made money while sucking out the liquidity off the market.
This is one of the reasons behind the current market situation. Trust in the Crypto industry is fading away.
I hope the sane minded people will do something about it otherwise this meme scams will disrupt this industry for sure!
Personally I am putting my money only on coins like Bitcoin , Ethereum and Sui.
Protect yourself from scammers!