I've been keeping an eye on Ju's Launchpad recently and discovered that Meme IDOs have quietly reached their seventh round. A lot of people initially treated it as a small side activity, but more and more people are participating as it goes on. Now basically every round has people competing on speed.

I won't go into details about the data from the earlier rounds, but just looking at community discussions shows how competitive it's become. A lot of people aren't going after long-term value—they just want to catch that momentary market sentiment. Meme