I think pure memes consistenetly see $1B+ again chace is low
unless majors enter another crazy risk-on run next yr
We already had that trade last cycle â and returns from simply recycling the same playbook should diminish as the market matures.
This cycle from onchain I think most of the new $1B+ runners will come from PMF + real utility, not pure attention.
The real asymmetric opportunity is finding founders who kept building through the bear market while nobody cared â real products, real users, real demand â before the market realizes what they built.
That's where the next 50â100x can still come from.
Markets evolve. Your edge has to evolve with them.