Is the 'meme' economy dead? Watching $DOGE and $ADA.

It feels like the speculative fervor around meme assets is finally cooling, at least from their peak. $DOGE is trading at $0.07226 and $ADA at $0.15999, both down on the day, but more importantly, the volume and volatility feel subdued compared to prior years. It makes me wonder if the broader market is just looking for more fundamental value now, even in high-growth areas like tech ($EMQQ still solid at $33.5). Is the meme coin era effectively over, or is this just a long consolidation? Push back if you think I'm missing something here.