Odaily News CryptoQuant CEO Ki Young Ju posted on the X platform that although he is not a Memecoin fan, he believes it has potential value. He compared crypto exchanges to channels through which Internet capital flows into social spiritual energy, but Memecoin currently mainly has a negative impact and has led to industry leaders such as crypto exchanges being criticized.
He further noted that the current Memecoin phenomenon is akin to a primitive collective consciousness, and that these communities operate like shared belief systems, with the potential to evolve from a “shamanic movement” into a more structured belief system.
Ki Young Ju believes that harmful Meme communities should be rejected, while Meme cultures that promote positive spiritual energy can be supported. Although Memecoin has limited value at this stage, Meme tokens with practical uses and mature systems may emerge in the long run.
He envisions that in the future religious organizations, charities, and non-governmental organizations (NGOs) may issue Memecoins with social value to provide new social and economic models for the Internet community.