Memecoin's fundamental issues are illustrated in the chart below⬇️ (number of transactions in a certain wallet)

After October, most people have exited the arena (like liquidity providers like me), so who’s left?

The ultimate P-kids, those issuing tokens, scripting kids, the guys filling 20% of the internal market, the token issuance groups controlling 90% of the tokens, and those eating up fan liquidity. Currently, it’s no problem to say that Memecoin is a market that eats people.

It's all just playing around; it's better to trade major coin contracts, short-term Alpha Tokens, coin stocks, or prediction markets — at least they’re somewhat fairer than Memecoin.

It's also tough for public chains and exchanges.

If regulations tighten a bit, they could shut down in minutes (certain DOGs).
If regulations loosen, the scythe will come down like a dog starving for half a month, and exchanges will have to take the blame.

It's complicated.