“A lot of Memecoin Launches Were Rigged Against People,” Says Messari CEO Eric Turner

“A lot of Memecoin Launches Were Rigged Against People,” Says Messari CEO Eric Turner

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

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.”

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.

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 116,060.10 4.15%
ethereum
Ethereum (ETH) $ 2,958.75 6.24%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.56 5.29%
bnb
BNB (BNB) $ 689.11 2.72%
solana
Solana (SOL) $ 164.34 3.64%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.196273 8.38%
tron
TRON (TRX) $ 0.294401 1.26%
staked-ether
Lido Staked Ether (STETH) $ 2,959.21 6.28%
cardano
Cardano (ADA) $ 0.686226 9.72%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 115,943.06 4.31%
hyperliquid
Hyperliquid (HYPE) $ 43.90 6.47%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,576.74 6.35%
sui
Sui (SUI) $ 3.49 12.20%
chainlink
Chainlink (LINK) $ 15.36 7.08%
bitcoin-cash
Bitcoin Cash (BCH) $ 519.77 1.14%
stellar
Stellar (XLM) $ 0.304058 3.21%
avalanche-2
Avalanche (AVAX) $ 20.84 6.55%
leo-token
LEO Token (LEO) $ 9.03 0.51%
hedera-hashgraph
Hedera (HBAR) $ 0.197535 13.71%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,173.93 6.23%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 9.05%
weth
WETH (WETH) $ 2,960.64 6.24%
usds
USDS (USDS) $ 1.00 0.00%
the-open-network
Toncoin (TON) $ 2.97 4.45%
litecoin
Litecoin (LTC) $ 95.53 4.58%
whitebit
WhiteBIT Coin (WBT) $ 46.74 0.01%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999629 0.09%
monero
Monero (XMR) $ 328.70 0.41%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 115,880.05 3.85%
polkadot
Polkadot (DOT) $ 3.91 7.63%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.10%
bitget-token
Bitget Token (BGB) $ 4.56 3.37%
pepe
Pepe (PEPE) $ 0.000012 13.32%
uniswap
Uniswap (UNI) $ 8.44 2.61%
aave
Aave (AAVE) $ 307.31 2.14%
pi-network
Pi Network (PI) $ 0.508743 8.28%
dai
Dai (DAI) $ 1.00 0.01%
bittensor
Bittensor (TAO) $ 378.76 8.59%
aptos
Aptos (APT) $ 4.91 6.63%
near
NEAR Protocol (NEAR) $ 2.54 8.24%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.05%
crypto-com-chain
Cronos (CRO) $ 0.097157 0.93%
okb
OKB (OKB) $ 49.29 0.79%
internet-computer
Internet Computer (ICP) $ 5.46 5.84%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 200.02 3.79%
ondo-finance
Ondo (ONDO) $ 0.900958 7.59%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
ethereum-classic
Ethereum Classic (ETC) $ 18.54 4.85%
susds
sUSDS (SUSDS) $ 1.06 0.02%
kaspa
Kaspa (KAS) $ 0.086622 5.32%
usd1-wlfi
USD1 (USD1) $ 0.999699 0.05%
cosmos
Cosmos Hub (ATOM) $ 4.68 7.88%
mantle
Mantle (MNT) $ 0.630796 5.30%
vechain
VeChain (VET) $ 0.0243 8.08%
ethena
Ethena (ENA) $ 0.321771 10.95%
arbitrum
Arbitrum (ARB) $ 0.407605 14.43%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.223909 8.29%
official-trump
Official Trump (TRUMP) $ 9.99 8.69%
gatechain-token
Gate (GT) $ 16.23 1.58%
render-token
Render (RENDER) $ 3.73 10.09%
fasttoken
Fasttoken (FTN) $ 4.46 0.38%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.739324 5.79%
algorand
Algorand (ALGO) $ 0.217954 12.57%
worldcoin-wld
Worldcoin (WLD) $ 1.07 17.76%
bonk
Bonk (BONK) $ 0.000024 13.92%
sei-network
Sei (SEI) $ 0.326886 23.25%
sky
Sky (SKY) $ 0.084244 2.03%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,952.33 6.00%
filecoin
Filecoin (FIL) $ 2.60 6.70%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 115,645.98 4.13%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.74 2.40%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 174.38 3.90%
spx6900
SPX6900 (SPX) $ 1.64 7.98%
jupiter-exchange-solana
Jupiter (JUP) $ 0.490244 8.37%
usdtb
USDtb (USDTB) $ 0.999985 0.02%
first-digital-usd
First Digital USD (FDUSD) $ 0.998531 0.09%
kucoin-shares
KuCoin (KCS) $ 11.38 1.67%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,104.76 6.29%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,376.35 6.32%
usdt0
USDT0 (USDT0) $ 1.00 0.02%
celestia
Celestia (TIA) $ 1.88 11.87%
fartcoin
Fartcoin (FARTCOIN) $ 1.31 17.82%
nexo
NEXO (NEXO) $ 1.27 2.45%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.019474 24.22%
injective-protocol
Injective (INJ) $ 12.31 12.52%
xdce-crowd-sale
XDC Network (XDC) $ 0.072874 6.69%
flare-networks
Flare (FLR) $ 0.016973 3.47%
optimism
Optimism (OP) $ 0.670619 14.22%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.79 12.91%
blockstack
Stacks (STX) $ 0.744376 7.82%
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,164.79 6.39%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 3,110.92 6.27%
sonic-3
Sonic (S) $ 0.34136 6.84%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.02%
dogwifcoin
dogwifhat (WIF) $ 1.05 10.36%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999109 0.11%
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,118.29 6.18%
story-2
Story (IP) $ 3.46 11.03%
Scroll to Top