A friend mentioned before that a few KOLs hyped a coin at a dinner table, posted tweets, and shared memes, convincing their friends at the table to buy in. The price shot up dozens of times that very night. Of course, it quickly dumped afterward. Feels like the combo of KOLs, memecoins, and Binance has replaced the last cycle's model of VCs, VC coins, and Binance as the token launch factory. It's the new era of KOLs partying hard. Meanwhile, the VCs left behind by the times are struggling. And Binance always wins.