Why do we keep pumping memecoins with zero purpose while ignoring the few that are actually doing real-world good?

Hey guys, I’m trying to understand something about this market.

We see new memecoins with zero purpose, anonymous teams, and obvious rug mechanics pull in millions of volume in a day. People ape instantly. No questions asked.

Meanwhile there are projects that are actually doing something in the real world and nobody cares unless it’s already mooning.

Example: Pawthereum ($PAWTH). The team is doxxed, it’s been around since 2021, and 0.5% of every transaction automatically goes into a charity wallet that funds animal shelters. So far they donated almost $500k or so to animals in need. Holders vote on where the next donation goes. They’ve literally helped pay for food, vet bills, etc.

I’m not asking anyone to buy anything. I’m genuinely asking:

• Why does the market reward hype and “maybe we’ll do something later” over projects that are already delivering impact?
• Is this just the incentive structure of crypto (pure speculation), or is there actually a path for impact projects to get attention without turning into a meme circus?

Would love real answers, not just “number go up.”

Overall, the crypto space feels more and more like a casino. If you can’t even trust a project like Kadena, where it looks like the devs just rugged and walked away, it’s hard to believe in anything long-term.