According to @KookCapitalLLC, the memecoin supercycle has fully mirrored the 2021 NFT cycle, indicating that the market is now past its peak. The current stage resembles NFTs in spring 2022, with 45 different launchpads emerging, each offering unique gimmicks to streamline the launch process. This saturation suggests a critical phase for traders, where assessing the viability of new launchpads is essential for strategic investments.