Deep pullbacks are a necessary path for quality memes—only when the tide goes out can you see who's swimming naked. NOXA triggered a major shakeout on the RobinHood chain, with CASHCAT, JUGGERNAUT, HOODRAT, and others pulling back nearly 50%. I think this is a great consolidation. The previous nonstop rally without deep corrections was clearly unsustainable. This unexpected wave wiped out many memes, but those that survived have the potential to reach new heights.