Crypto used to at least pretend 💀
There was a whitepaper. A team page with real names. A roadmap nobody read but everyone appreciated existed. The fraud was still fraud, but it had to do paperwork first 📄
Then memecoins removed the paperwork. Why build a thing when a dog picture moves faster? 🐕 And they were right. It did move faster.
pump. fun finished the job. Thirty seconds to launch. No liquidity, no product, no team, not even a lie about a team. Just a name, an image, and a curve 📈
And everyone called it honest. "At least it's not pretending to be useful." Sure. A casino that admits it's a casino is still taking your money 🎰
Except it's worse, because the house can sit at the table. Deploy, pump with your own wallets, sell into whoever showed up, gone. New name in an hour. The rug isn't an exploit, it's the intended workflow 🧹
Almost none of these tokens go anywhere. That's not a bug in the model. That is the model.
What actually got spoiled isn't the money. People lose money in every market. It's that "crypto" now means this to everyone outside of it.
Real builders spend the first ten minutes of every conversation explaining they're not that. Serious infrastructure gets lumped in with dog coins. The word became a liability 🫠
The meme won. It just took the entire category down with it.
@Pumpfun @cz_binance @binance @crypto @CoinMarketCap @coingecko