Meme coins gained widespread recognition, especially following US President Donald Trump’s TRUMP token launch. The recent meme coin movement has sparked a new wave of interest, albeit light-hearted ones. CryptoQuant CEO Ki Young Ju was initially skeptical but changed his stance as he appreciated the growth and development of these cryptocurrencies.
CryptoQuant CEO and Meme Coins
CryptoQuant CEO Ki Young Ju praised meme coins as the “spiritual energy of the internet community” in his post on the X platform. He corrected his initial stance, admitting that he had underestimated the importance of meme tokens.
Meme coins are the spiritual energy of the internet community.
Previously, CryptoQuant CEO stated that the crypto industry was entering a crisis, calling meme coins “gambling products”. However, in his X post dated January 20, 2025, Young Ju commented that Trump ushered in the “age of meme coins,” praising the evolution of these humorous cryptocurrencies.
As long as the meme gains enough mindshare, meme coins could take countless forms in the future. The possibilities are practically endless… The fundamental reality that acts like a meme in financial markets is not going away, so it is worth considering making the most of it.
Ahead of the presidential inauguration, Trump launched the TRUMP token and garnered both praise and criticism. TRUMP became a sensation in the crypto industry, raising more than $8 billion in the first three hours.
Despite its initial rise, TRUMP coin is currently trading at $40.19, experiencing a daily decline of 18.7%. Analysts predict the token’s possible decline to $10.
Crypto Regulation Discussions
Although the TRUMP launch increased adoption, experts stressed the need to introduce crypto regulations urgently. XRP supporter lawyer John Deaton stated that meme coin regulation takes precedence over other regulatory issues such as the SAB 121 law. Bill Morgan, on the other hand, demanded that the government introduce comprehensive regulatory norms in response to recent market movements.
However, Trump’s exclusion of crypto policies among his initial executive orders caused concerns in the community. This omission has raised questions about whether the new administration will introduce policies that could transform the crypto ecosystem. The future of meme tokens remains in limbo amid growing criticism.
Although Trump’s TRUMP token has a major impact on the popularity of meme coins, the importance of regulations in the cryptocurrency market is increasingly coming to the fore. Experts state that it is essential to establish the necessary legal framework for the sustainable growth of such digital assets. Investors warn that they should be careful about market fluctuations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
