"worst cycle ever, no true altszn" - story about fragmented liquidity, Solana trenchers and human greed;
you wanted faster execution, lower fees and fun experience - Solana brought that to the table, giving birth to the first efficient onchain 'coin-sino', whilst also kick-starting the dispersion issue. that's okay, as 'slow and expensive' ETH has moved away towards institutional yield, SoV and RWA layer. I'm sure a little dispersion never hurt anybody, especially if we can all make more money.
you weren't satisfied.
you wanted even earlier & faster entries, more memetics, more toys you play with for a day and discard them like street prostitutes - Pumpfun gave you exactly that. dilution quickly went from "bad" to "what the fuck". you started aping coins mere seconds after launch. "this could run". run? where? unemployment center?
have we had enough? not even close.
you developed bots, scripts, trackers, AI tools to increase efficiency, speed and execution - at what cost? more freedom to ape into more coins. more incentives for serial ruggers, I mean devs, sorry, to automate coin launches at the expense of ~99%.
please daddy, fragment the liquidity even further!
suffice to say, whilst damaging crypto for years to come, barely anyone has turned profit. "Data from Dune reveals that 99.6% of traders have yet to achieve more than $10,000 in realized profits."
pathetic. you've shot yourself in the foot. quite literally.
as if the situation wasn't dire enough, this all brought the attention of outsiders. B-tier celebrities all scrambled to launch their own token, only to extract even more from already damaged participants.
then it all broke in January 2025. Trump. Melania. final nail in the coffin. they've heard the lengths of which you absolute fucking degenerates will go to just to turn profit. they launched their own token, mere days before inauguration. literal crime. whilst you hear many stories of people acquiring generational wealth, you forget this is a zero-sum game. who was on the other side of those trades?
while everyone screamed "this surely sparks the beginning of Solana casino!" - euthanasia rollercoaster officially began. that was it. no, really , statistically that was the top of trenches. slow erosion begins.
desperate, clinging onto hopes and dreams of "just one 100x", most failed to realize the game has always been rigged against their favor. you have better odds in an actual casino. no, really, you statistically do.
9 months later, as participants have [somewhat] awoken themselves from the false dream, everything that's left on the rollercoaster today are 'metas'. we went from thousands of coins/day, to once a month metas that saturate faster than Gainzy can press the sell button to dump on his followers.
what are we left with? streamer coins? capital markets? 1.) What
.. the fuck is even that?
and whilst many would consider such a post, or even sentiment to be a "bottom signal" [lol, lmao even], they forget what awaits at the end of euthanasia rollercoaster - "The Euthanasia Coaster is a hypothetical steel roller coaster and euthanasia device designed with the sole purpose of killing its passengers".
only death can pay for life.
only after dying are we truly free.
rebirth.
this won't change until regulations tighten up the space - allowing money to concentrate, instead of dilute.
it will take years for the cleanse.