memecoins used to be community, memes and fun.
now it’s hold for 2 seconds and dump.
insider trading, pump and dumps, KOLs glorifying every token as the next big thing to their followers while 95% of traders are in loss
same scammers. same playbook. verified org acc, paid KOLs, fake engagement, launch, rug. repeat.
very much unsustainable.
very much gambling, not trading.
very much pvp, not memecoin culture.