I have more reason to believe that this meme is normie than just the image quality. But first, yes, dank memes tend to have crappy jpeg quality. It’s been a staple for a good while.
Secondly, there is nothing more to offer from this meme than “haha suicide get it”. It’s edgy and tired. Sure, edgy was dank back in the day, but it was taken over by normies a long time ago. What I believe to be dank is something that takes prior knowledge to truly understand. The reason edgy memes were created was because it offended people. Outsiders didn’t understand how anyone could find it funny, but failed to realize that they were the reason everyone was laughing. Now, fast-forward, everyone knows how edgy memes work. Normies have just taken it to a point where we’re all sick of it.
We’ve moved on, and now we make clever memes that force one to think to understand them. For example, we have the Piper Perri meme, where any setup of 5 dark things and one light thing will bring forth great laughs from those who understand it. The normies are starting to catch on with it though. Just look at loss. Everywhere on every 4-panel comic you see “is this loss?” My preferred example, however, would have to be what’s been going on since the wave of corn memes. Everyone loves to be in on a joke. Thus, we see the barrage of “on [date] let’s only post [concept] memes to confuse everybody” that we are currently dealing with today.
…But yeah. Edginess is definitely out these days. And while I see that you’re sarcastic, OP could definitely have redeemed themselves by deepfrying it, as that is a solid method of showing that the meme is ironic. But they didn’t do that, and alas, I can only assume that they wanted to impress everyone on the playground with their “cool dank meme”.