Coinlist CEO Raghav Gulati has sounded the alarm, expressing concern that an overemphasis on memecoins within the crypto ecosystem could aggravate a zero-sum game among retail investors. Gulati asserts that the proliferation of memecoins fragments investor attention and liquidity, hindering the advancement of the industry. He predicts that algorithmic curation will play a pivotal role in determining the popularity of these volatile assets, while emphasizing the enduring significance of Bitcoin as the "king of memes" due to its unwavering dominance and widespread recognition. Gulati's insights highlight the potential challenges and pitfalls associated with the memecoin craze, urging investors to adopt a balanced approach that prioritizes long-term growth and sustainable investments.