Why do I feel a little bit of despair about the industry? It’s not that I think memes are useless. I have always agreed that memes are very good tools for attracting new users and can bring in a lot of new people. I don’t reject making money with memes. I just feel disgusted with this trend in the currency circle. I also feel unfortunate for users who only play on exchanges. There is basically no opportunity to make money. The only profit model of all projects is to sell coins to you.

Some people say that lowercase Neiro represents the interests of retail investors, and uppercase Neiro is a dick coin with 80% control by the Yinmao Group. But what I want to say is that the total number of addresses of these memes is only 10,000, and the liquidity pool is 5 million US dollars. This is after the rise. Why can these more than 10,000 people represent retail investors and support a market value of 160 million.

Most of the money from memes is also earned by a small number of conspiracy groups, which has nothing to do with retail investors. What is completed by listing on the exchange is the wealth transfer between conspiracy groups and retail investors. If the conspiracy group is not listed on the exchange, such a large volume cannot be sold at all. Now it is a complete negative-sum game

So can't these memes be played on the chain by themselves? Those who want to play can go to the chain by themselves. Why must they go to the exchange? Meme and VC are the same, and all profits come from retail investors participating in the secondary market.

The users of the exchange were first cut by the profiteers, then by the VC coins, and now they are cut by the memes of the conspiracy group. It's really miserable. If this continues, users will be lost, funds will be lost, and crypto and web3 will no longer exist.