Just as competition, cooperation is also a fundamental aspect of species growth; for survival and optimum population growth, an optimal degree of aggregation is necessary, which perfectly balances the competition and cooperation. Like cooperation, species memory is also an important aspect in terms of species behavior and it is debatable as to whether a species uses its memory for the evaluation of cooperation in an ecosystem or not. In this paper, we attempt to provide a new outlook on the relation between these two phenomena, memory and cooperation. We have studied and analyzed time series abundance data for a large number of species available in the global population dynamics database (GPDD) exhibiting the evidence of cooperation. Our analysis indicates that among the insect community, the moth species, have strong memory. We have also provided a discussion on the interplay between memory and cooperation with regard to the stability of the system. These findings can open up new avenues in understanding species behavior in the ecological niche.