As a VC investor, I agree… crypto memecoins are meant to be built on a community that bands around a shared conviction (that memecoins can take the form of great art and community spirit in the case of $fwog).

Shitty developers launching AI meme coins to raise funds to develop shitty tech results in shitty pumps and dumps. If they could develop good tech, they’d raise from a VC and go down a traditional fundraising route. I’m not touching any founder that raised a shitcoin, they’ll just screw you over like they did their coin holders.