Hey guys, I'm inclined to believe that memecoins are generally fueled by community hype and even KOL or celebrity figures. The recent of these peculiar example I can remember is SLERF.

What seems to both catch my attention and puzzle me is when memecoin tend to have utility. Yesterday I saw Catamoto which I knew as a memecoin were now having DeFi functionalities and were even forging strategic partnership with big names like BlueZilla.

My question is, do project like these stop being a memecoin? Can this be a DeFi platform with its memecoin or just a memecoin forever? What is the threshold? Are there others like this?

Cheers guys