According to @KookCapitalLLC, the current cryptocurrency market environment is showing signs of severe saturation, particularly within meme coin launchpads. With 57 different meme launchpads operating across various blockchains, there are now more platforms than active meme coin buyers. The lack of new, innovative meme projects suggests the sector may be approaching a cycle end similar to the declines seen at the conclusion of ICOs, DeFi, and NFT booms. For traders, these conditions indicate a likely reduction in speculative activity and heightened market risk for meme coins, increasing the importance of careful project selection and risk management. Source: @KookCapitalLLC.