{"id":22596,"date":"2025-04-17T16:02:02","date_gmt":"2025-04-17T16:02:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22596"},"modified":"2025-04-17T16:02:02","modified_gmt":"2025-04-17T16:02:02","slug":"a-lot-of-memecoin-launches-were-rigged-against-people-says-messari-ceo-eric-turner","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22596","title":{"rendered":"\u201cA lot of Memecoin Launches Were Rigged Against People,\u201d Says Messari CEO Eric Turner"},"content":{"rendered":"
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No topic was off limits at the Paris Blockchain Week 2025<\/a>, including recent memecoin launches and rug pulls.\u00a0<\/span>Messari CEO Eric Turner thinks memecoins are fun. \u201cI really like the concept. Early on, building a community and everything made a lot of sense to me.\u201d<\/span><\/p>\n

\u201cBut when you think about it in terms of gambling, I feel we got to the point where yes, it was gambling, but the dice were rigged,\u201d he added. \u201cAnd you look at a lot of memecoin launches, and they were just, rigged against people buying them in the first place.\u201d<\/span><\/p>\n

Since the market has seen \u201cthat wash out,\u201d Turner thinks it\u2019s very healthy for \u201cwhere we are as an industry.\u201d Referring to a certain memecoin launch and the subsequent rug pull, he said he thinks \u201cit will get us back to the point where we are building meaningful things.\u201d<\/span><\/p>\n

\u201cAnd I think everything we do in this industry is a lesson learned,\u201d he added. \u201cYou see how people are going to interact with the technology, see the demand just to launch new assets, the platforms that you can do it on. And I think, if anything, that experience was great.\u201d<\/span><\/p>\n

There are still going to be quality assets in that sector, but again, I think the wash out that we\u2019ve seen over the past, let\u2019s call it three months or so, has been good.<\/span><\/p>\n

\"Messari<\/p>\n

Explore: Messari CEO Eric Turner Thinks Q2 May Be Muted, But Q3 And Q4 Will Be Exciting! <\/a><\/strong><\/p>\n

\u201cBut if the market wants it, then there is probably a right for it to exist\u201d<\/b><\/h2>\n

Meanwhile, Thomas Eichenberger, CSO and deputy Group CEO of Sygnum Bank said, \u201cI personally believe there are more meaningful things we can do with this technology than issue meme coins. But if the market wants it, then there is probably a right for it to exist.\u201d<\/span><\/p>\n

\u201cThen hopefully there is more to it than pure speculation and gambling,\u201d he continued, \u201cbecause there are users involved that may not be aware of the potential risks they enter into in case they buy and trade meme coins. But yes, they are a phenomenon of our industry at this point in time, so it\u2019s going to be exciting to see where it takes us.\u201d<\/span><\/p>\n

DISCOVER:\u00a0<\/span>20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n

\u201cClassic crypto, we got really ahead of ourselves in the hype cycle there,\u201d said Messari CEO, referring to the hype around AI<\/b><\/h2>\n
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We\u2019ve spent the past year and a half building an infrastructure for AI agents to leverage cryptos leading market intelligence platform<\/p>\n

Excited to bring our insights to @CoinbaseDev<\/a> and power the next generation of builders \"\ud83d\ude80\" https:\/\/t.co\/NyHXAuLqBE<\/a><\/p>\n

\u2014 Eric Turner (@ericturnr) April 9, 2025<\/a><\/p>\n<\/blockquote>\n