【Market Brief】Meme coin issuance platforms are raking in huge profits, but the tokens themselves have nearly been wiped out. Solana’s leading launch platform Pump.fun generated about $18.6 million in protocol revenue in the week up to October 7, remaining a machine for extracting value; meanwhile, a study by Talos shows that among the sampled memecoins, 81% saw a drawdown of at least 90%. Platforms profit by running hot issue “cash-grabs,” while retail investors are left holding the bag— the contrast is striking. (Source: CryptoSlate)

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