Recently, I have been analyzing some interesting phenomena in the Solana ecosystem.

Have you ever wondered who really makes the big money when a large number of retail investors chase meme coins on Solana? Many people think it's the traders who successfully buy the dip, but that's not the case. History repeatedly shows us that the most profitable during a gold rush are often those selling shovels.

In this meme season, Solana's "shovel sellers" are playing like this: they extract a large amount of funds from retail wallets through various methods. The total exceeds $4 billion. Sounds exaggerated? Breaking it down makes it clear.

**Launchpad Platforms Dominate**

Token issuance platforms are the primary harvesting mechanism, taking away about $1 billion in one go. These platforms launch new projects daily, promising all kinds of returns, but very few actually deliver. They continuously accumulate wealth through project team fees, listing fees, marketing fees, and other charges. The most outrageous part is that many projects haven't even officially launched yet, and investors are already losing everything.

This logic is very clear: platforms provide the stage, project teams take the money and run or slowly die, retail investors pay tuition, and the platforms laugh last. The prosperity of the Solana ecosystem is essentially the perfect operation of this利益链条.