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trend has switched over to L2 of ethereum, it's no more meme coin and meme coin in general are rarely having rally anyway. so I think it's can be said that these meme coins are done for, in term of having some massive rally. none one care about meme coin any more, utility are now essential that's the reason L2 become so popular.
Shiba Inu a coin with the total supply of tokens about 1 quadrillion is not a meme coin because they switched over to L2 of ETH, even if it is mounted on top of Bitcoin protocol, it is still a meme coin with the number of coins in circulation trend has switched over to L2 of ethereum, it's no more meme coin and meme coin in general are rarely having rally anyway. so I think it's can be said that these meme coins are done for, in term of having some massive rally. none one care about meme coin any more, utility are now essential that's the reason L2 become so popular.
. I am not claiming that it wont rally, it has some big backers and it might rally though, but it is still a meme coin.