"Yeah fellas tbh we are trying to max extract on this one"
Great essay on the insider-driven mess that is memecoins
https://lex.substack.com/p/analysis-is-kelsiers-200mm-insider
Discussion
I mean, if this don't orangepill ya, what will?
> Every meme coin I've ever known or invested in or been a part of, like, the people that benefit the most are the people that structure the deal, similar to any other business in the world. People that are closest normally make the most money or lose the most money.