How did meme coin PTSD become a thing? It’s really simple… 1) Pump extracted $700 mil 2) Trump extracted Billions to Eth 3) Haiden extracted $100mil. All this money leaving the eco creates a vicious effect. But, it’s meme coin dilution…isn’t it? Last cycle we have non stop rotation of L1’s with hundreds of farms and Boardrooms farms to earn yield. Dilution was similar in the effect that non stop farms opened up daily with 2-5 tokens. BSC used to have hundreds of new tokens a day. But it didn’t crash as hard as this last cycle in between rotations? Blame #1, #2, & #3 for this. Did all the defi exploits last cycle even equal as much as our top extractors? So what’s changed? @bonk_fun and $bonk have come in to actually keep most of the money in the ecosystem rather then extract. This creates the real flywheel effect we saw last cycle with huge TVL’s per chain (yes also a meme lol). Which then allowed for coins to really pump. Unless, you truly believe all the doomers that this cycle is over?