How can we steer Ethereum away from making income from memecoin trading?

The author argues that Ethereum is becoming dependent on memecoin trading for its fees and MEV, and that this is a risk to its reputation and a distraction from harder problems. They criticized Warpcast and Rainbow for adding memecoin trading features, saying they are not building products like Angellist, and they report receiving personal backlash for doing so. They estimate that memecoin trading may account for a large share of Ethereum's fee and MEV revenue, though they say they lack the data to confirm it. They attribute the problem to a broken social layer with no leader able to steer the ecosystem, citing Beylin's post on the same issue.