Solana Indirectly Killed Altcoin Space as Meme token generator Crypto.

I like Solana and its utility how fast you can do a transaction with cheap fees, and i used to hold solana. but ever since solana becoming meme token generator, Meme coin is oversupplying utility altcoin now everyday probably million Meme token created. New retail who didn't fully understand crypto only chase the percentage green candle and hype, so they ape in Meme token, when getting rugpull they blaming crypto in general and scared to re entry crypto market. am I wrong thinking Solana is indirectly killed Altcoin Space?