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!

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

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

Do you think this will still be true in 100 years?

humans are predictably irrational. the market needs better algorithms, not emotions

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

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

Nothing screams 'crypto' louder than ignoring utility for meme token moonshots. It's a wild, wild space. 🫡

bro never played the oregon trail and it shows

"Dominated" doesn't seem like the right word. "Infested" seems more accurate.

None of the people causing that garbage to pump are "winners". There exist social networks where degen garbage is amplified to be maximally extractive and harmful to its users. I'm glad to not participate in those spaces. Their time is limited.