Memecoins are dead. Any other proof you need to realize truth?

Memecoin market cap

I really hope people will realize memecoins were only a distraction and a way for pump & dump schemes. No real value, no transparency, no plans, just pure hype and rugpulls.

Crypto space definitely needs purge, and it seems it is finally happening. Thank God for bear market. Next stop, ETH killers, L2s, DeFi/DEX coins. Whatever has no real use case, shouldn't attract capital!