Wow I've seen a lot of posts on X complaining memes are ruining crypto.

This topic has been trending. People are tired of memes. But that got me thinking.

If memes are taking away value from your coins, then that means your coins were dependent on extracting value the same way memes do. Right?

Sure, any coin benefits from some community and excitement. But utility is ultimately what wins long term. It's sustainable demand.

However, there's a reason that despite millions of memes, the top 100 are still primarily utility.

And if you don't think utility coins can run like memes, you haven't been paying attention.

Granted a lot of chains depend on memecoins to be their source of utility. That may prove not to be sustainable if it is the primary utility.