Something's off with the current Meme coin cycle. We're seeing launch after launch, but barely any are pushing past the $100M market cap threshold. What's actually happening here?

A few months back, projects were casually cruising to nine figures. Now? Most stall out between $20M-$50M before momentum dies. The pattern's becoming pretty obvious.

Liquidity fragmentation is brutal right now. Capital's getting sliced across hundreds of new tokens daily instead of concentrating into a few winners. Retail attention span has shortened dramatically—everyone's chasing the next 10x rather than letting positions develop.

Then there's the trust factor. Too many rugs and honeypots have trained traders to take profits fast and ask questions later. That early exit mentality kills the sustained buying pressure needed for mega caps.

Market conditions aren't helping either. When Bitcoin's chopping sideways and altcoin narratives keep shifting weekly, speculative plays like Memes struggle to hold momentum beyond initial pump phases.

Maybe we're just between cycles. Or maybe the Meme supercycle thesis needs recalibrating. Either way, the $100M barrier is real right now.