Former Coinbase CTO comments on TRUMP: meme coin is a zero-sum lottery, and the last buyer will lose everything

Balaji Srinivasan, the former chief technology officer of Coinbase, said on social media that meme is a zero-sum lottery that does not create wealth. Every buy is just matched with a sell order. After an initial surge, the price eventually plummets and the last buyer loses everything. If you consider the platform's cut, meme is actually a negative sum.