We've been trying to figure out Solana tokens for 4 years: 2021: Technical Discovery: FTX and early projects proved you could launch tokens without consensus mechanisms and extracted max value. 2021-2022: Distribution Experiments: BONK showed "fair" distribution attempts, worked quite well but was non-replicable (all the copycats died). 2022-current: The Insider Tax: Most teams just filled the gap with VC/founder allocations: the new default, everyone did it even if they were already making millions. Airdrops and points campaigns made it "okay" to extract from retail. 2023-2025: The Cambrian Explosion: Token launching became SO easy that millions of memecoins launched, they all became worthless because they had no unique design philosophy whatsoever besides different names and pictures. The progression is: Proved possible → Misused → Became trivially easy → Someone finally used it correctly. (^ORE, imo)