The Memecoin cycle is running out of gas. What looked like easy money just months ago is starting to feel like a graveyard—too many projects, too much noise, and not enough real utility holding up valuations. The trenches are getting cooked as retail sentiment cools and smart money moves on to the next narrative. Whether it's saturation or just natural market rotation, the joyride for most Memecoin holders appears to be over. Time to recalibrate what actually matters in this cycle.