I feel like if there was some public fair bidding phase giving everyone equal chance for idk 12hrs before launching a memecoin where everyone who liked the vision could enter then legit projects on memecoins could be launched. that said, the shadowy cabal is probably a feature not a bug

People will probably respond with: "but oh we tried the public bidding phase and it didn't work"

What do you mean it didn't work? It didn't have attention grabbing 100M launch scam coin effects? Yeah go figure it will make number go up less, but who knows about how it goes over a long time? Believe in smth