🤯 “Memecoins are Officially ‘Cooked’! 😂”
Nic Carter, a partner at Castle Island Ventures, has declared war on the memecoin kingdom. “Memecoins are cooked,” he wrote in a Feb. 19 post to X, citing the recent $4 billion LIBRA scandal involving Argentine President Javier Milei. 🤯
//s3.cointelegraph.com/uploads/2025-02/01952139-fd7e-7684-959f-fcda8626e340″ alt=”Coinbase CEO”>
“Just like the early days of the internet with animated gifs, new technologies often look like a toy but evolve into something much more powerful over time,” he said. 🤖
“We should be open-minded about where memecoins are going, even if some are silly, offensive, or even fraudulent today. Memecoins are a canary in the coal mine that everything will be tokenized and brought onchain.” 🚨
Pump.fun losing steam
While industry opinions about the future of memecoins differ radically, the numbers already show a cooling appetite for the crypto sub-class. 📉
In the last month, the number of new tokens launched on Solana-based memecoin deployer Pump.fun has dropped 59%, according to data from Adam_Tehc on Dune Analytics. 📊
X Hall of Flame: Solana ‘will be a trillion-dollar asset’ — Mert Mumtaz
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2025-02-20 06:30