The rise in popularity of meme coins and the rise in the value of cryptocurrencies such as Shiba Inu (SHIB), Dogwifhat (WIF) and BOME have increased the concerns of CryptoQuant CEO Ki Young Ju.

- Ju argues that the viral and speculative nature of these cryptocurrencies poses a significant threat to the integrity and progress of the cryptocurrency industry.

- Highlights the negative impact of billion-dollar meme coins on legitimate projects aiming to innovate in the industry.

– Ju highlights the risks associated with the speculative nature of meme coins, rejecting the argument that they can serve as an entry point for newcomers to the crypto space.

- Ju is particularly critical of the lack of leadership in the industry advocating real product development and observes a worrying trend towards innovation and creating concrete solutions to counter the gambling trend.

- Ju's comments reflect his call to focus on sustainable development, moving away from speculative ventures that could undermine the crypto industry's legitimacy.