Nicely done with Pengu airdrop! It kind of sounds like utility tokens were running before the drop today and Memes were going out of favor. But I am sure money will rotate into Memes at some point during the coming altcoin cycle.
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Yeah, it usually goes like that. The moment you thing something is death it makes a comeback and starts pumping. That said, I am starting to get more and more doubts about memecoins and the entire narrative around it. The market is so saturated and money mainly rotates from one coin into another. Fro what I see, mainstream coverage of memecoins kind of feels like Mainstream opinion of NFT's in Games.
This said, I'm quite sure that there will be a couple huge winners, the big question is if you can catch them and not sell soon enough. Many likely will drop to zero sooner than later where I previously thought that many of the tiny caps would pump as many would start speculation down the risk curve where not much is needed to move the prices.
It's going to be interesting to see where it all goes in the coming 4-10 Months