Welcome Bankless Nation to the AI rollup where we stay up to speed with the emerging trends and developments in the AI crypto space.

I'm David Hoffman here with my co-host Ajaz.

How is your week?

Did you get rugged by a president?

No, I didn't.

But yeah, unfortunately, the president of Argentina decided to launch a meme coin and i uh i know how much

you love these these presidential back meme coins david but yeah i i really think it's kind of

exhausting the industry a little bit oh we yes the i really it turned on the lights in the club and

everyone realizes that we're all drunk and ugly. Yeah, yeah, like super ugly actually.

And so the point I want to make around this is not to hop on about meme coins, but rather,

I think we're getting to the end of this financial nihilism sprint, you know, how everyone's

like really depresso and they're like, crypto doesn't solve anything, but a resolution for gambling addicts, you know.

I think the meme coin extraction phase of crypto's life is kind of done.

It's coming out of its teenage years, I think, finally.

And for months now, we've seen kind of millions of tokens get launched

and millions of people get rugged as a result.

And the majority are just kind of pure pump and dumps, right?

And I think the reason why it got so much engagement regardless is that people had just lost

faith in what we were really striving for in this industry.

They just thought it was all just kind of like random memes and gambling.

The passion for the innovation kind of thing was just lost but

now i've seen sentiments so low on the timeline i don't know about what your timeline looks like but

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