The recent downturn in the memecoin market has prompted discussions among cryptocurrency enthusiasts about the future of the sector. Many believe that the decline of memecoins, characterized by their lack of substance and speculative nature, is beneficial for the overall crypto landscape. Analysts highlight that approximately 99.9% of memecoins are now considered defunct, with remaining tokens primarily supported by dedicated communities. This shift is seen as an opportunity for serious projects to gain traction, as the market cleans up from previous chaos. Observers note that the focus is shifting back to quality and fundamentals, with long-term builders poised to advance despite the challenges. The sentiment in the community suggests that the end of the memecoin phenomenon may pave the way for more sustainable growth in the cryptocurrency space, as attention turns to projects that offer real value and utility.