As extremely speculative meme cash proceed their inevitable plunge, crypto executives and analysts have been throwing their ideas into the sector, and they aren’t very complimentary.
“Some meme cash have clearly gone too far these days, to the extent individuals are insider buying and selling,” stated Coinbase CEO Brian Armstrong, earlier than including, “That is unlawful, and folks ought to perceive that you’ll go to jail for this.”
“In each crypto cycle, there’s a get-rich-quick crowd that comes and goes and learns this lesson the exhausting approach,” he continued.
Meme Coin Insanity
Nonetheless, Armstrong was not totally essential of meme cash, arguing that “they’ve been with us because the starting,” referring to Dogecoin.
“Meme cash are a canary within the coal mine that the whole lot will likely be tokenized and introduced onchain,” he stated.
On memecoins…
Memecoins have generated lots of buzz lately, and I’ve gotten some questions on how I take into consideration them. I’m personally not a memecoin dealer (past just a few take a look at trades), however they’ve turn into massively fashionable. Arguably, they’ve been with us because the starting –…
— Brian Armstrong (@brian_armstrong) February 19, 2025
“Meme cash are unquestionably over,” said Bitcoiner Nic Carter, who added that they “had no function past their launch mechanic,” which was speculated to be a “honest launch,” benefiting retail as a lot as enterprise capital giants.
“The meme coin commerce was completely primarily based on a declare that was finally uncovered as a lie – that the on line casino was not less than honest.”
Carter concluded that “meme cash are cooked,” including that there’ll nonetheless be launches and possibly some winners, “however the meta is completed.”
“Retail will nonetheless be farmed right here as many will not be extraordinarily on-line and unaware of how extractive the sector is, however the infinite coterie of scandals in memecoin land will flip off the smarter traders and finally the mass market.”
In the meantime, Uniswap founder Hayden Adams said, “Seems the monetary nihilists that stated meme cash have higher fundamentals than tokens with actual initiatives behind them had been clearly fallacious.”
Others talked about flights to high quality and the demise of meme cash, which has lately turn into a standard theme.
All memecoins are going to zero.
Individuals are realising they’re holding one thing which has no worth.
It’s formally over.
Thanks for taking part in pic.twitter.com/Z10uU2CMQ1
— Crypto Beast (@cryptobeastreal) February 18, 2025
Greatest Meme Losers
The proof is within the efficiency as meme cash proceed to soften down no matter minor beneficial properties right this moment.
The highest 5 memes by market capitalization are all closely down from their all-time highs. Dogecoin (DOGE) is down by 65%, Shiba Inu (SHIB) has misplaced 82%, PEPE has plunged by 66%, TRUMP has tanked by 77%, and each BONK and FLOKI are 73% down from their peak costs.
Maybe the most important loser from the meme coin fiasco has been the Solana network, which has been the go-to place to mint and commerce them. SOL has fallen again to October value ranges and has lost more than 40% in simply over a month as meme coin mania fades.
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