Quote from: Phoenixtrader on Today at 05:19:00 AM

To put it more clearly, it seems like memecoins are transitioning into utility-based projects through their setup. We’ve seen examples like Goat, Ai16Z, and Cerebro attempting this, but it seems HIVE has taken things to a whole new level. With DeFi utilities and AI integration, it’s even set to be part of the Solana hackathon.

From checking their Twitter (https://x.com/askthehive_ai?t=zEjYd40CqHrHBz9MsmTPBA&s=09), I didn’t even realize it was a memecoin at first. The real question now is: how sustainable is it?

They are not meme coins already if they have different utility rather than a meme. These projects are just using the hype of the meme coins category even though it’s known for being useless because they knew that there’s a lot of meme coins investment investors that can be easily attracted to ape on their project by showcasing something knew utility as meme coins.

In reality, they are just a regular crypto projects sugar coating as meme coin. Remove their categpry as meme coin and I’m sure their little utility will be overlooked.

They are not transitioning rather just a simple project category that wants to be classified as meme coins.