In the fast-paced world of crypto, where trends shift quicker than you can refresh your feed, a recent tweet from investor Kyle (@0xkyle__) has sparked some intriguing discussions. Posted on August 25, 2025, Kyle shared his thoughts on the current onchain landscape, and it's got the community buzzing about the intersection of innovation, value, and real-world utility.

Here's what he said:

onchain kinda interesting atm

things from icm seeing pmf

am a big bulliever in utilities

some coins feel disproportionately valued compared to what they are executing

exciting

At first glance, it might seem like casual crypto chatter, but let's break it down. Kyle, a thesis-driven investor at Defiance Capital, is pointing to a shift in the onchain space – that's the term for activities happening directly on blockchain networks, like trading, staking, or using decentralized apps without intermediaries.

Decoding ICM and PMF in Crypto

First off, what's "ICM"? It stands for Internet Capital Market, a growing trend in crypto where projects tokenize ideas, assets, or even startups in a decentralized way. Think of it as a supercharged version of crowdfunding meets meme coins, allowing developers to raise funds quickly and openly on the blockchain. Platforms like this enable anyone to invest in early-stage ideas, often with a meme twist to build hype.

Then there's "PMF," or product-market fit. This is a key concept in startups – it means a project has built something that people actually want and use. In crypto, achieving PMF is huge because it separates the hype-driven pumps from sustainable growth. Kyle's noting that some ICM-born projects are now hitting this milestone, delivering real value beyond just viral marketing.

He's a self-proclaimed "bulliever" (a fun mashup of bull and believer) in utilities. Utility coins or tokens aren't just for laughs or speculation; they power actual functions, like analytics tools, gaming ecosystems, or DeFi protocols. In the meme token world, this is evolving – think memes with built-in tech that solves problems, not just cute dog pics.

The Valuation Disconnect: Opportunity in Disguise?

The juicy part? Kyle highlights how some coins are "disproportionately valued compared to what they are executing." In plain English, there are projects out there crushing it with solid execution – building communities, shipping products, and generating real revenue – but their market caps don't reflect that yet. On the flip side, pure hype plays might be overvalued.

This resonates big time in the meme token scene, where virality can send prices soaring overnight, but longevity comes from utility. As blockchain practitioners, spotting these undervalued gems could be key to enhancing your portfolio.

The tweet has racked up over 3,000 views, 42 likes, and a flurry of replies. One user, @0xLunic, echoed the sentiment: "comparing what ICM products actually delivered with what PMF products are delivering now, we can see it's still super early." They pointed out that even top runners integrating big names like Kalshi – a prediction market platform – are sitting under $20 million market cap. Talk about room to grow!

Another reply from @GorillaDegen1 shilled #TGMETRICS (@tgmetrics), calling it an "InfoFi utility play" with major partnerships and upcoming updates. TgMetrics is an AI-driven analytics tool for tokens, helping investors spot top performers. Their post showed a climbing price chart tied to community strength – a perfect example of PMF in action.

Data like this doesn't lie: strong communities drive token prices, especially when backed by utility.

Why This Matters for Meme Token Enthusiasts

At Meme Insider, we're all about demystifying meme tokens and their role in the broader blockchain ecosystem. Kyle's tweet underscores a pivotal moment – the transition from pure memes to meme utilities. Projects like those in the ICM space are proving that you can have fun, viral appeal while building something useful.

Take @NoBanksNearby's reply, who shared a whimsical image of an astronaut in a purple art gallery, captioning it "Bullievers in utility unite. The valuation disconnect is WILD." It's a visual nod to the surreal yet exciting nature of crypto valuations.

Other voices chimed in: @tycayomide noted that "Onchain rotations always reveal who’s actually building versus who’s just vibing," while @Tyleryapler celebrated utilities "finally getting their moment."

If you're diving into meme tokens, focus on those chasing PMF through utilities. Tools like TgMetrics or platforms like Bark.gg (shouted out in replies) could be worth a look. Remember, in crypto, execution trumps hype in the long run.

As Kyle wraps up: "exciting." We couldn't agree more. The onchain world is heating up, and for those in the know, it's prime time to position for the next wave of utility-driven meme tokens. Stay tuned to Meme Insider for more breakdowns on emerging trends and knowledge to level up your blockchain game.