Memecoins broke crypto—now they might fix it
The following is a guest post and opinion of Shibtoshi, Founder of SquidGrow.
Memecoins have created unprecedented chaos within the crypto industry. Most analysts see the chaos as a binary — some criticize memecoins as mere speculative assets, while others defend them for challenging low-float-high FDV VC-backed tokens.
But we need a new perspective. One that breaks the binary, accepting memecoins as speculative assets and a statement against VC tokens, leading to chaotic market scenarios. Acknowledging memecoins’ potential to breed chaos, it identifies chaos as the birthstone of a new utility-driven token economy.
Memecoin chaos is good for the industry
Memecoins led investor mindshare in 2024 and emerged as the most popular market…
