No subject was off limits on the Paris Blockchain Week 2025, together with current memecoin launches and rug pulls. Messari CEO Eric Turner thinks memecoins are enjoyable. “I really like the concept. Early on, building a community and everything made a lot of sense to me.”
“But 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,” he added. “And you look at a lot of memecoin launches, and they were just, rigged against people buying them in the first place.”
Because the market has seen “that wash out,” Turner thinks it’s very wholesome for “where we are as an industry.” Referring to a sure memecoin launch and the next rug pull, he mentioned he thinks “it will get us back to the point where we are building meaningful things.”
“And I think everything we do in this industry is a lesson learned,” he added. “You 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.”
There are nonetheless going to be high quality belongings in that sector, however once more, I feel the wash out that we’ve seen over the previous, let’s name it three months or so, has been good.
Discover: Messari CEO Eric Turner Thinks Q2 Could Be Muted, However Q3 And This fall Will Be Thrilling!
“But if the market wants it, then there is probably a right for it to exist”
In the meantime, Thomas Eichenberger, CSO and deputy Group CEO of Sygnum Financial institution mentioned, “I 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.”
“Then hopefully there is more to it than pure speculation and gambling,” he continued, “because 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’s going to be exciting to see where it takes us.”
DISCOVER: 20+ Subsequent Crypto to Explode in 2025
“Classic crypto, we got really ahead of ourselves in the hype cycle there,” mentioned Messari CEO, referring to the hype round AI
We’ve spent the previous 12 months and a half constructing an infrastructure for AI brokers to leverage cryptos main market intelligence platform
Excited to convey our insights to @CoinbaseDev and energy the following era of builders
— Eric Turner (@ericturnr) April 9, 2025
Turner mentioned, “For us at Messari, AI has actually modified the best way that we work on a day-to-day foundation.
Speaking concerning the rising influence of Synthetic Intelligence (AI), particularly at Messari, Turner mentioned, “It is so deeply ingrained in everything that we do and in our products as well. We have an AI co-pilot, we’ve done some really interesting things with AI.”
“I think when I look at where AI and crypto overlap today, I’ve been somewhat underwhelmed,” mentioned Turner. “There are really interesting things where AI infrastructure can be done better. I’m still waiting to see something that really blows my mind live in action.”
Moreover, Messari CEO mentioned “we work in a space where Messari provides research, data, information. And when we think about what’s going to move things forward on the regulatory side – it’s transparency and it’s consumer education.”
Nice day of conferences in DC
I’m extremely enthusiastic about what Q3/This fall maintain for the trade pic.twitter.com/VhXYDsjlSJ
— Eric Turner (@ericturnr) April 10, 2025
DISCOVER: Finest New Cryptocurrencies to Put money into 2025
The submit “A lot of Memecoin Launches Were Rigged Against People,” Says Messari CEO Eric Turner appeared first on 99Bitcoins.
