The memecoin sector witnessed what many consider the biggest value extraction play in recent memory. Nothing inherently wrong with extraction mechanics—that's how markets work. The real issue? When a platform captures massive value for its backers while leaving the broader ecosystem with hollow promises and damaged trust.

Here's the thing: extracting liquidity is perfectly legitimate. You just need to create actual value to justify it. Build utility, develop infrastructure, strengthen the ecosystem—then taking returns makes sense. But when the gains flow one direction and the costs distributed across everyone else? That's not business, that's damage control waiting to happen.