Meme Coins are the death of the crypto verse

Ben Cowen a well respected crypto analyst was talking about how meme coins has rext this cycle, 36 million crypto coins exist now in the crypto space. Liquidity is all over the place, and that's one of the main drivers why the crypto market has stalled, when in post halving year Q1 has traditionally been bull runs for bitcoin and alt coins. Now everything is either bleeding against bitcoin, and bitcoin itself has stayed ranging sideways for the last several weeks, unable to touch the ATH again. Most alt coins have either gone back down or lost majority of their gains since November. Except for a few like the big four.

I agree with Ben when he says, retail hasn't come back to the crypto market like the previous cycles, because meme coin rug pulls has either scared away the retail market or they had a bad taste of getting rugged and losing their money and just going away after. Without retailing coming back, there is no alt season. There is no liquidity, there is only SO MUCH "wall street" can buy into. I honestly think we might not get an alt season at all this cycle, meme coins and rug pulls is all you hear on the news now. Where in previous cycles the news was filled with people getting rich over night, now it's just stories of people losing their money over night.

When 15 year old kids with no coding experience can make meme coins and rug pull people, or ditzy blonde girls who are famous for blow jobs, can scam the regular people out of their life savings, president of countries rug pulling people, do you think anyone takes crypto serious anymore? Meme coins has always been tolerated before in previous cycles, but this cycle, meme coins might just be the death of the crypto space in general. Just my two cents.