The Hawk Tuah Memecoin Rug Pull Is the Apotheosis of Bag Culture by defector.com:

The social media climate that flowered from this nihilistic moment was defined by a cynical Manichaeism: You were either a wolf or a sheep, a sucker or a predator of suckers. You might win if you gamble, but the real money is in being the house.

It just feels like, for whatever reason, we’ve decided that the version of the internet we want to push forward is a casino instead of a coffee shop with big bulletin boards.