On March 15, EllaZhang, head of YZiLabs (formerly Binance Labs), said in an interview with BeInCrypto that although the community-driven narrative provides investors with a fairer entry point, they have lost momentum over time due to weak fundamentals. ElaZhang said: Since the end of the first quarter, interest in venture capital-backed tokens began to decline, while the popularity of Meme coins soared, leading to the so-called Meme coin craze;Pump.fun and similar platforms are reshaping early altcoin investments to make them more accessible, more transparent and more community-driven. These platforms focus mainly on Meme coins, experimental tokens and community-driven projects, making it easier for anyone to launch and participate in new crypto assets. However, in recent months, this trend has begun to reverse. Although Memecoin is easily available, its temporary popularity has prompted traders to return to venture capital-backed altcoins. According to CoinMarketCap, this trend is now slowing. The ratio of the market value of Meme coins to the market value of non-Meme altcoins has been declining, indicating that funds are gradually flowing back into non-Meme coins. For any asset to have lasting/growing value, it [needs] one or more basic services, businesses, products, technologies, or new innovations to drive prices up. Without fundamentals, value cannot be maintained. ElaZhang said.