Everyone is blaming Pumpfun for destroying memecoins, but I think we're ignoring a much bigger part of the problem I've been in this space since 2019 and witnessed the best and worst times in the trenches The first thing people point to when criticizing Pumpfun is that it destroyed memecoins But that isn't entirely true We had runners like PNUT, MOODENG, FARTCOIN, ZEREBRO and GOAT, just to name a few So clearly, the existence of Pumpfun alone isn't what stopped memecoins from producing massive runners It's the culture of mass extraction we've continued to support on Solana PAID is a good example of what I'm talking about We've created a system where enormous amounts of money flow toward a relatively small group of people, while the communities generating that value struggle to sustain themselves On top of that, we gave just 25 developers the opportunity to extract another $130M from this space Imagine what even a fraction of that money could have done if it went back into liquidity, supporting communities and building sustainable projects Instead, we keep rewarding the same behavior and wonder why the entire crypto space is getting worse So yes, Pumpfun and the culture it helped create are a big part of the problem But so are the people who continue using and supporting the system they complain about I'm not joining any boycott movement I'd rather see people start questioning where their money goes and what kind of behavior they're rewarding Because ultimately, we're all participants in this market We can't keep rewarding extraction and then act surprised when the entire market becomes extractive