Yeah, no, nothing has changed

Memecoins are not "fun" or "community building" - they are merely a tool to transfer wealth from the many to the few, and no one wants to call them out (understandably) for the fear of being mocked as "mid" or "boomer"

Yeah, no, nothing has changed

Memecoins are not "fun" or "community building" - they are merely a tool to transfer wealth from the many to the few, and no one wants to call them out (understandably) for the fear of being mocked as "mid" or "boomer"

https://twitter.com/apolynya/status/1598124343636422658

Honestly, in their purest form, memecoins are good for attracting both retail interest and building communities.

The problem is that 90-99% of memecoins now are straight up scams. 10-20% distributed to "devs", allocations for "KoLs", and all inflow coming from scammers on X shilling their communities into them.