pump.fun ($840M), axiom ($300M YTD), photon ($500M in fees)... spot the pattern?
parasites draining billions from users.
leeching off users while they thrive, with nothing to show for it. no equity, no profit shares, no airdrops.
their business model is simple:
users gamble → they collect fees → users drained.
they survive because we accept being treated like customers, not partners. this era will end
memecoins served their purpose by exposing the frauds of the last cycle
AI tokens? same issues, overhyped reruns
the real survivors will be products that serve people, not drain them.
the next wave of crypto = fully onchain businesses:
- real revenue
– value recycled back to holders
– ownership baked in from day one
the casino era wont last forever
something new is coming. a model where users arent the exit liquidity, but the owners...
the parasites showed us what not to be, the next wave will show us what’s possible