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Issues are rising that meme cash are “over” after the Libra rug pull left buyers reeling.
The Solana-based LIBRA, endorsed briefly by Argentine President Javier Milei, soared to a $4.5 billion market cap earlier than plummeting 80% inside hours, leading to huge losses for a lot of.
Milei has denied direct involvement, whereas Kelsier CEO Hayden Davis informed Coffeezilla that he was behind each the LIBRA and MELANIA meme cash, and sniped each tokens once they went stay.
Meme Cash ”Cooked” After Collection Of Unfair Launches
Following the collapse of the LIBRA token, and the implosions of the Official Trump and MELANIA meme tokens, the meme coin sector’s credibility has taken a heavy blow.
The sector is ”cooked,” stated Nic Carter, a associate at Fortress Island Ventures, in a Feb. 19 put up on X.
“A way of gloom and cynicism pervades crypto, as a result of memecoins in a way had been thought of the final ‘truthful’ terrain the place anybody may become profitable,” he stated. “This phantasm has been shattered. Memecoins are unquestionably over.”
The Libra meme coin fiasco was simply the newest in a collection of unfair and botted launches, he added. “The on line casino didn’t take a slight edge – it was extra like 90/10 in favor of the home.”
Memecoins are unquestionably over. (Clearly, they received’t totally disappear, however the commerce is gone). Motive being, all the premise of memecoins was that they had been “truthful launch” alternatives the place John Q Retail had simply pretty much as good a shot at getting cash because the funds and VCs. This… https://t.co/TtkpD4sSXO
— nic golden age carter (@nic__carter) February 19, 2025
AuzSome Austin on X put issues extra bluntly, saying that he’d come to the belief ”that meme cash have formally turn into the dying of crypto.”
Coinbase CEO Holding An Open Thoughts
Nonetheless, not everyone seems to be so downbeat on the outlook for the sector. Coinbase CEO Brian Armstrong says we should always stay open minded about the place meme cash are going, ”even when some are foolish, offensive, and even fraudulent at present.”
“So the place can we go from right here?” he stated. “We must always purge the dangerous actors and elevate up the individuals making an attempt to construct lasting worth. We wish to deliver the subsequent billion customers onchain, and the one means to do that is to construct services which individuals need.”
How To Make investments In Meme Cash Safely?
Constructing merchandise that folks need is strictly what a brand new meme coin ICO known as Meme Index (MEMEX) is making an attempt to do.
It goals to make meme coin investing safer by offering diversified portfolios that cut back the danger of all-or-nothing gambles on cash like LIBRA, TRUMP or MELANIA.
Buyers who purchase the token are supplied 4 meme coin funds to put money into: Meme Titan, Moonshot, Midcap, and Meme Frenzy,.
Every comes with a unique risk-reward profile. Meme Titan is the most secure choice, investing in meme cash valued at over $1 billion, together with titans like Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE).
The riskiest fund, which additionally has the best potential rewards, is Meme Frenzy. It invests in meme cash with a market cap of lower than $50 million.
The 2 different funds are Moonshot, which invests in tokens with values ranging starting from $250 million to about $1 billion, and Midcap, which holds meme cash valued at between $50 million and $250 million.
The MEMEX presale has surged previous $3.78 million in funding as buyers again its concept of a brand new, safer solution to put money into meme cash.
As influential YouTuber ClayBro stated in a latest video for his greater than 136k subscribers, ”Meme Index is altering the meme coin recreation.”
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