Did that meme coin launchpad actually wreck crypto for good?

Honestly starting to wonder if the endless flood of pump-and-dump tokens killed what this space was supposed to be about. Every day there's another hundred worthless coins, rug pulls left and right, and newcomers getting absolutely rinsed thinking they found the next big thing.

Sure, it democratized token launches. Anyone can create now. But at what cost? The signal-to-noise ratio is completely shot. Real projects get drowned out by literal garbage with dog mascots.

Maybe I'm just being nostalgic for 2020 vibes, but something feels fundamentally broken when speculation eclipses innovation this hard. What's your take—temporary chaos or permanent damage?

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
5
Repost
Share

Comment

0/400

Deconstructionist

· 1h ago

Rug pull has long been a norm in the industry; the real project parties have already learned how to stand out from the garbage heap. --- Instead of lamenting the destruction, why not ask who made a fortune in this round of playing people for suckers... --- Are those people from 2020 still around? Most of them have long since done a rug pull, so don't talk about idealism. --- To put it bluntly, the market selection mechanism has not yet been established; this is not a permanent harm, but a necessary pain. --- Every bull market is like this; once the novelty wears off, it will naturally settle down. There's really no need to be anxious right now. --- democratized is just a joke; in the end, it's still big capital and insider teams doing the playing. --- The crypto world hasn't been destroyed; what has been destroyed is the dream of these naive new suckers who thought they could get rich overnight. --- Signal noise ratio low? That's because you haven't learned how to read the room; those who understand have long since been filtering.

View OriginalReply0

TokenomicsTinfoilHat

· 1h ago

To be honest, newcomers entering the market now have been played for suckers to the point of numbness, and they can't tell which projects are real and which are eyewash. --- This meme coin thing is like a plague; it really has somewhat ruined the foundation of this ecosystem. --- Back in 2020, we could still dig for treasures, but now it’s all garbage, and the signals have completely drowned. --- Rather than saying it has been destroyed, it’s better to say it has been educated... This batch of people who have been played for suckers has woken up, and the next round is where the real start begins. --- Dogecoin is still okay, but the other dog mascot projects are really terrible, with no value at all. --- democratized? Ha, it just means letting more people get rug pulled. --- It’s a permanent harm; once trust is broken, it’s very hard to repair.

View OriginalReply0

TokenVelocityTrauma

· 1h ago

Nah, this is how a Bear Market should look, garbage coins need to die to clear the market. --- Back in 2020, it was indeed different; now it feels like the whole market is a casino. --- The real project party has long moved overseas or shifted towards building, those left are basically just waiting to Be Played for Suckers. --- Democratized my ass, to put it bluntly, it just lowered the threshold for deception. --- This is why I only look at on-chain data now and ignore any marketing; I've seen too many projects tweeting and dancing before they die. --- Wait, are you talking about permanent harm or... actually, the crypto world has gone through this every cycle in the past 20 years. --- There's nothing wrong with memes themselves, the problem is that no one is monitoring those obvious scams still lying in the trading pairs. --- I agree, the noise is indeed too loud, but that also means the alpha is hidden even deeper, right?

View OriginalReply0

ProofOfNothing

· 1h ago

Someone should have said this earlier, memes have turned the entire ecosystem into a casino, and truly innovative projects are completely overlooked.

View OriginalReply0

Rugman_Walking

· 1h ago

Ngl, this is the fate of the crypto world, right? The price of democratization is garbage everywhere. I've long been tired of it; every day there are new coins and new eyewashes, while real projects are overlooked. Back in 2020, at least there was some sense of anticipation; now it's just a pure gambling atmosphere. To be honest, permanent damage is basically set; we can't go back to the past.

View OriginalReply0

Trending TopicsView More
#JoinGrowthPointsDrawToWiniPhone17
226.81K Popularity
#DecemberMarketOutlook
20.18K Popularity
#GIGGLEAndPIPPINSurge
3.27K Popularity
#LINKETFToLaunch
3.01K Popularity
#SharingMy100xToken
3.34K Popularity

Hot Gate FunView More

1
web3Web3
MC:$3.4KHolders:1
0.00%
2
POPOPopo
MC:$3.48KHolders:2
0.29%
3
GB CRT GB CRIPTO
MC:$3.42KHolders:2
0.10%
4
MARYSMary S
MC:$3.4KHolders:2
0.00%
5
CHIPChip-in
MC:$3.41KHolders:2
0.09%

Sitemap