On February 2, PANews reported that CryptoQuant CEO Ki Young Ju stated on social media that, although he is not a Memecoin enthusiast, he believes they have potential value. He compared cryptocurrency exchanges to channels for the inflow of internet capital into social spiritual energy; however, currently, Memecoins mainly have negative impacts and have led to criticism of industry leaders such as cryptocurrency exchanges.
He further pointed out that the current Memecoin phenomenon is similar to original collective consciousness, where these communities operate in a manner akin to shared belief systems, potentially evolving from 'shamanistic movements' into more structured belief systems.
Ki Young Ju believes that harmful Meme communities should be rejected, while those Meme cultures that promote positive spiritual energy can gain support. Although the current value of Memecoins is limited, in the long run, Meme tokens with practical uses and mature systems may emerge.
He envisions that in the future, religious organizations, charitable institutions, and non-governmental organizations (NGOs) may issue Memecoins with social value, providing new social and economic models for internet communities.