gm gm frens Memecoin volume didn’t disappear The people did At peak, Pumpfun was pushing over $3B in daily volume Today, most days struggle to break $800M Why because millions of retail traders learned the same lesson at the same time Being early makes money Being the exit liquidity doesn’t The trenches still produce runners But the frenzy that fueled the memecoin supercycle is gone The buyers are thinner The conviction is weaker The trust is broken Everyone is waiting for the next mania I’m not convinced it comes Some booms are cycles Others are once-in-a-generation events and they cant even console users with a decent airdrop to cover for some of the loss made Retail paid $3B a day in tuition and most didn't even know they were in school Normies are scared Everyone got rugged last year Make crypto safe again Because 100000 coins a day simply isn’t sustainable rather just focused on trading margin on hyperliquid instead Painful but true, lesson locked in(Justin Wu)