Cutoshi, an upcoming meme-utility project, is gaining traction as Dogecoin and Solana Bonk face declines in popularity. With unique features and a limited token supply, Cutoshi aims to bring DeFi concepts to users and has raised over $2 million in its presale phase. Traders see Cutoshi as a promising project with plans for a DEX and swapping platform supporting multiple blockchains and tokens, making it an attractive investment opportunity in the evolving meme coin space.