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Trenches even more extractive than ever
• Bunch of new launchpads popping up just for creators to farm the taxes
• Bags meta is questionable -> tokens are not official, so degens are begging the real founders to acknowledge the coins and claims fees (didn't we already go through this in 2024?)
• Tokens topped out at the $20-$40m range, ceilings are super low
• Recycled meta (yea these AI intentions are groundbreaking, tokens however do nothing)
• Oh the former mayor of New York launched his meme which rugged
• Only tokens that have been supply controlled (>80%) pumps these days
• Even lesser pool of players (compared to 2021 and 2024) + more pvp (loads of capital has been extracted off-chain)
Gn