A certain law firm has filed a lawsuit against the core executives of the Memecoin issuance platform and related ecosystem partners, accusing the platform of building a "manipulated, unlicensed speculative gambling system."

According to confidential chat records disclosed in the lawsuit, the co-founder of the platform openly admitted that the vast majority of users participating in Memecoin investments on the platform ultimately suffer losses. This frank admission undoubtedly hits the core of the entire operational model.

The lawsuit further alleges that the platform deliberately leverages its traffic advantages and ecosystem influence to attract investors. What does this mean? The platform may be using the trustworthiness of the ecosystem to endorse its high-risk products, while investors might be attracted by this "ecosystem halo."

This lawsuit exposes long-standing issues in the Memecoin market: the dream of quick wealth, information asymmetry, and the failure of risk pricing. For the entire industry, this is also a profound reflection—when innovative products evolve into speculative tools, where exactly are the boundaries of responsibility among platforms, ecosystems, and participants?