Pumpfun did to memecoins what Blur did to NFTs. It optimized the dominant speculative behavior so efficiently that the entire category accelerated toward saturation. Blur optimized NFT trading. https://t.co/LFvRtzFtOP optimized memecoin creation and speculation. Both reduced friction, increased velocity, attracted liquidity, and intensified competition until the underlying assets became increasingly commoditized. every cycle starts with a new game nobody has figured out yet. ICOs, NFTs, memecoins. people make insane money while everyone is still figuring out how to play. then people start building tools to play the game better. faster trading, better tracking, more efficiency, more edge. eventually the game gets solved, everyone is playing the same way, and the easy money disappears. The technology doesn't necessarily mark the top. It may accelerate the market toward one by removing/solving constraints on supply and speculation.