Idk what clearer evidence you need that this space is dominated by gamblers & cults over investors & economic sustainability:

Trump announces a serious DeFi project, limited demand. Trump meme token with awful tokenomics? To the moon!

dune

Over the last few days I wanted to focus on the coins trying to capitalize on Trump and Melania's launch in the Solana ecosystem. I call these grifter coins because that's exactly what they are. Their purpose is to confuse people who aren't as experienced with spotting or dealing with onchain nuances. By selecting Solana as the network of choice, Trump's team also brought with it those who both believe & exploit his ideology around buzz words.

I made a Dune dashboard to track these commonly used words, in addition to surfacing the coins piggybacking on Trump's name. 

Some additional takeaways👇

⚫️ The volume of Solana mints has fallen drastically over the last few days since Trump's coin launch.

⚫️ Trump's name is still the most used and exploited by a wide margin

⚫️ World Liberty Financial, who is heavily associated with Trump has the most spoof coins associated with the word 'liberty'

https://dune.com/consultingdaos/solana-grifter-coins

/ethereum foundation | opinions are my own but more than likely they come from Vitalik's blog paragraph.xyz/@chaskin

Grifter gonna grift
https://warpcast.com/adam-/0x4221ecd3