Nov 2024 premise: pump fun shitters game eventually drain all retails on the false promise of a fairer game, leading to market exhaustion and large correction. Jan 2025 event trigger: Max extractive schemes like Trump/Melania memecoins siphoned liquidity from the space, never to be re-invested again. Dec 2024 - Feb 2025 heuristic: Stalling majors price were a warning sign, and rapid rotations across narratives + big % outcomes kept the frogs content in boiling water. Feb 2025 confirmation: Non-stop positive news re: SEC dropping enforcements cases being brushed off by prices, validating the "despite" cases over and over again. Mar 2025 corroboration: Prices fully calling bluff on the most positive possible catalyst (SCR)