Keynote
- Brian Armstrong compared Bitcoin with memes coins.
- The collapse of Libra, a $ 4 billion pump and dump, recently triggered the recession of the meme coin market.
- Armstrong encourages the open mind of the future of meme coins despite the ongoing slump.
Coinbase CEO Brian Armstrong recently defended the MEME Coin division even even Bitcoin.
BTC
$ 97 225
24H volatility:
0.9%
Market capital:
$ 1.93 t
Vol. 24H:
$ 26.93 b
When the division faces intense investigations according to the collapse of the Libra token, it is a “somewhat meme coin.”
The $ 4 billion pump and dump system of Libra Token has triggered a wider market. According to CoinmarketCap’s data, the entire Meme Coin Market has lost $ 42 billion from the market cap in the last 30 days.
Critics insisted that the scandal of the Libra is the last nail of the coffin of the meme coin, and the notable figure such as NIC CARTER has declared that this division is “endless.” However, Coinbase CEO has defended the role of this sector in the encryption environment, acknowledging the current task.
Armstrong says he is not a meme coin merchant but recognizes cultural importance. He pointed out that MEME Coins existed with Dogecoin from the beginning of Crypto.
viceroy
$ 0.26
24H volatility:
0.1%
Market capital:
$ 37.78 b
Vol. 24H:
$ 1.06 b
It is one of the most popular assets to this day. The 42 -year -old executive said, “We must catch the open mind about where the meme coin is going.
Coinbase CEO says that even Bitcoin can be considered a “meme person” because of the community -centered personality and often value in the financial system.
Armstrong argues that MEME COINS can play a significant role in a wider blockchain ecosystem compared to the initial Internet days. In particular, he admitted that many memes coins were obvious fraud.
“Some meme coins have been too far so far that people have a rich trading. This is illegal and people must understand that you will go to jail for this. ”Armstrong warned. He urged encryption participants to focus on building long -term values rather than participating in short -term speculation.
MEME Coin Market is faced with a large -scale sale
Despite the armstrong’s defense of the memes, the division is faced with a large -scale sale according to the Libra Nakjin. Many investors have questioned the survival of the sector beyond speculative over -advertising. At the time of writing, the entire MemE Coin division records a $ 67.4 billion market cap.
This debate also affected the famous memes of the US President Donald Trump’s family and the famous meme coins, including official Trump.
erase
$ 17.21
24H volatility:
0.5%
Market capital:
$ 3.44 b
Vol. 24H:
$ 842.61 m
And the official Melanie Mim
Melani ah
$ 1.25
24H volatility:
0.5%
Market capital:
$ 187.45 m
Vol. 24H:
$ 40.55 m
Last week, both lost two digits.
Meanwhile, last month, the popular Solana -based Meme Coin Launchpad platform pump.fun has decreased by about 60% in the new token launch.
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disclaimer: Coin speakers are doing their best to provide a prejudice and transparent report. This article aims to provide accurate and timely information, but should not be considered financial or investment advice. Since market conditions can change rapidly, it is better to check the information and consult with experts before making a decision based on this content.
PARTH, a encryption journalist with more than five years of experience in the industry, has collected experience and expertise in space after surviving in Bear and Bull Markets for many years in cooperation with major media media in Crypto and Finance World. PARTH is also the author of four published books.
LinkedIn’s PARTH DUBEY
