If you haven't realized by now that the current meta is net extractive and will lead to deadly losses, here's a quick rundown Whenever you see a simple product being mass produced from new names as well as dinosaur names that woke up to get in on the action, know that we're in trouble Uniswap / Sushiswap / etc... all decided to have their own launchpads now Each of these launchpads launches nothing of value, only memecoins, with a low ceiling while their own token goes up massively On @base, Robinhood chain and Ethereum mainnet is where am seeing a lot of that craziness A launchpad token trading in the tens of millions while their top meme launch can barely touch 1M Eventually, all of these tokens will collapse due to that thin liquidity moving from launchpad A to launchpad B in order to pump and dump More launchpads, more useless tokens, lower ceilings, more losses, more extraction It only ends one way