Are we watching the death of traditional utility tokens, or is the meme coin supercycle just a temporary distraction?

For months, retail liquidity has sidelined complex DeFi protocols in favor of viral culture coins and emerging AI agents. While foundational assets like $BTC and $BNB maintain their dominant position as market anchors, capital efficiency across altcoins has completely shifted. Retail traders are actively rejecting high-FDV, VC-heavy project unlocks that bleed value over time. Instead, fair-launch mechanics and cultural momentum are driving the biggest market returns.

Yet, without real revenue mechanisms or technical innovation, can viral hype sustain an entire bull cycle? Or will real-world utility inevitably reclaim its throne once speculative noise cools down?

Which side of the debate are you placing your biggest be...