Why do coins with solid tech never pump like meme coins?

I’ve been in the space for a while and I still don’t get how coins with actual teams, real-world use cases, and big market caps — like ALGO, ICP, or even ATOM — barely move price-wise. Meanwhile, some random meme coin with zero utility goes 10x in a week because it has a funny name or a viral tweet?

How can something with billions in volume and years of development stay flat, while a new coin with nothing behind it flies past it in market cap overnight? Is this just how crypto works now — all hype, no fundamentals? Or is there more going on behind the scenes?