Then it actually went up and the whole memecoin space was taken over by grifters.
There's a delay to these things; the value of these communities went up because of the community and it collapsed because the community was taken over as well.
From the outside, looking at all these graphs, it's hard to link them.
Bored Ape was about some celebrities just having fun with technology. It was funny and the music videos were fun.
See also: CB radio, Usenet, the World Wide Web.