As a former Wall Street quant turned blockchain analyst, I've tracked the collapse of centralized trading bots and the rise of decentralized meme ecosystems on Solana. Pumpfun dominates with $765M in fees, LetsBonk thrives on community-driven $USELESS tokens, and Believe’s sniping tax is reshaping investor behavior—proof that data, not hype, is the new truth. This isn't a bubble. It's a protocol-level reset.