AVAX memecoin presales have been cooking lately, with $KET, $WINK and $BLUB making the top allocation presalers six figures each. While I think this is all less extractive than previous launches and the teams certainly did a great job when it comes to marketing, a question remains as to how long this can last. The reason "ShameFi" (in other words, projects that track what you do with your allocation) works is not really because of "shame" (personally, idgaf about what people do with their money), but because it keeps you from getting access to future presales. People who instant dumped their $WINK allocation didn’t get $BLUB, people who instant dumped their $BLUB tokens won’t get the next one, etc etc. This is very effective as long as the new launches are super lucrative, but that will end sooner or later as we get more and more presales and coins (and not all will go on a similar run), especially when market conditions look bleak. AVAX Foundation can offset some of that with strategic buying, but they're not Jeff Bezos either. I personally think we will have diminishing returns pretty soon, which will show that "ShameFi" was in fact "PonziFi". But until then, let’s enjoy the run