According to KookCapitalLLC, Meteora is promoting a memecoin with a $700,000 market cap, sparking criticism over the perceived shift of memecoins towards corporate, startup-like structures. The post highlights concerns that the original decentralized and community-driven spirit of memecoins is being replaced by low-effort corporate projects, which could impact trader confidence and liquidity in the memecoin sector (source: @KookCapitalLLC on Twitter, June 4, 2025). For traders, this signals the importance of scrutinizing project fundamentals and being wary of potential 'corpo rugs' that may threaten the integrity and volatility of the broader crypto market.