i believe that we are slowly approaching this paradigm. while memes took off first, i know of very little people bidding memes "for fundamentals" - a lot of the move is short squeeze driven

instead, stuff like INIT / PENGU / SUI strike a good balance of "fartcoin but for VCs" - and it's not that these are bad tokens with predatory vesting / teams too - these are good tokens with good teams, good fundamentals that move fast, that the market can get behind in bidding