Viewpoint: Meme coins are becoming an "industrial complex" that quickly extracts value, contrary to their original intentions

PANews February 24th news, according to Business Insider, Nic Puckrin, founder of The Coin Bureau, said that people in the current crypto market have begun to get tired of Meme coins, and investors may be as low as when FTX collapsed, or even more Low. New meme coins are launched almost every day, with some celebrities participating in the hype and selling. The original concept of Meme Coin was an interesting asset, and the community could participate in it, and the meme culture on the Internet could be reflected in shared tokens, but now Meme Coin is no longer about community, fairness or opposition to venture capitalists, but It has developed into an "industrial complex" that aims to extract as much value as possible as quickly as possible, which is not its original intention.