Vitalik Buterin has emphasized the importance of Decentralized Social (DeSoc) and smarter DAOs as top priorities for the blockchain ecosystem. However, he noted that many projects at the application layer have deviated from these goals. This shift is exemplified by the recent surge in memecoins, which has captured significant attention. By early 2025, the trend was underscored by the launch of a memecoin by Trump, followed by a second token named MELANIA. The introduction of the MELANIA token led to the original TRUMP token losing its relevance, highlighting the volatile nature of the memecoin market.