Meme Coin Boom Enriches Platforms, Not Traders

[cryptobro]

A new Galaxy Research report reveals that the biggest winners in the meme coin craze aren’t individual traders — they’re the platforms supporting the ecosystem. Launchpads, decentralized exchanges (DEXs), and trading bots capture the majority of revenue, while most retail participants face losses in what analysts describe as a negative expected value (EV) game.

Solana dominates the space, hosting over 32 million tokens, with launchpads like Pump.fun enabling rapid token creation. Despite the influx of meme coins, only a handful generate meaningful market value, highlighting the concentrated nature of profits.

[EmTeam]

Galaxy Research says meme coin trading is a negative EV game: retail often loses while launchpads, DEXs & trading bots capture most revenue.

[Nahid10]

️ Biggest winners aren’t traders but infrastructure providers — the “house” in this casino-like market.