Believe it or not, solana has been skyrocketing in terms of use for memecoins lately -- which are mostly just rugs -- this doesn't seem to stop thousands of investors with thousands of dollars in their balances, ready to be thrown into some random token named "Grumpy"...
This sort of use case seems to be the only thing fueling solana's ecosystem -- most of which had come after that one kid rugging his token live, on-stream. After that, for some odd reason, everyone had began to flock to pump.fun to try their luck -- most of which had led to imitators coming in with duplicate tokens, some of which had even succeeded in reaching 100k USD marketcaps!
Unbelieveable to be honest.
That's all..
Cheers!