According to Matt Hougan, Director of Investments at Bitwise, the media output of the market in the same part is heading for a dramatic fall, which could mark its end.
Hougan underlined a series of major profiles scams And illicit activities such as catalysts that will probably turn out the speculative frenzy surrounding the coins.
CIO on Bit meaning
In a recent post X (formerly Twitter), Hougan noted that the cryptography market is currently treating the End of the frenzy of the same money. Although the decline may not occur overnight, he predicts that he could actually have died within six months.
“The combination of Melania, the Libra and the Lazarus group using memes pieces to whiten the stolen and will kill it dead”, the job read.
The Melania token, linked to the former American first lady, and in balance, promoted by Argentinian president Javier Mileiwere both involved in the controversy after the initiates have conceded millions.
Meanwhile, the Lazare group has would have lever platforms as a pump.fun-A Solana (soil)-Mal -based launchpad -based Recently compromised in a hack– to wash more than $ 1.5 billion in funds stolen to a huge Recourse of remedy.
Hougan stressed that the decline of interest in coins could leave a short -term vacuum in market enthusiasm. However, the new stories are already ready to take their place. These include the institutional adoption of Bitcoin (BTC), which continues to gain ground with the FNB and large -scale corporate assets.
Stablecoins become crucial as The main institutions refer to increased adoption. Tokenization Unlocks liquidity in active world. Finally, Decentralized finance (DEFI) stages a returnAttract retail and institutional sales users with new innovations.
However, not all of them share Hougan’s pessimism. MEMEcoins has long prospered on media threshing and community belief rather than on intrinsic value – a phenomenon recently rented by the cryptocurrency CEO Ki Young Ju.
“If you can create something in which people believe, you can prosper as an entrepreneur in the crypto industry”, he declared.
Ju argued that coins draw from deeply rooted human instincts and cultural models. They reflect the need for symbols and beliefs that bring people together, just as religious or spiritual systems have in the past.
Despite Hougan’s concerns, the same sector is still showing signs of life. At the time of the press, its market capitalization amounted to $ 64.2 billion, reflecting an increase of 1.2% in the last 24 hours.
This growth contrasts with the Wider crypto market, which has lost $ 109 billion at the same time. In particular, 7 of the 10 main pieces of memes have displayed gains in the last 24 hours.
Nevertheless, despite these recent gains, 90% of the 10 main pieces of memes recorded losses during last week.
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