During the hype about a week ago when gas fees were like >200 Gwei there were tons and tons of these new meme coins being released every hour pretty much. Anyway you wanted to call it like PEPE2 or PEPERONI or MILADY2, etc and most were massive rugs.

Now it seems to have died off. Many are still released but most don’t get pumped at all. I think many got burnt and wasted tons on fees on these tokens which were complete rugs that people moved on to something else.