Crypto CEO Ki Young JU recently compared Memecoins to the art market, highlighting how both rely on narratives to establish value.
Ju believes The Memecoin market will continue to grow, despite its speculative nature, and may mature over the next few years.
Drawing alongside the art world, Ju argued that both markets legitimize value through storytelling. He suggested that if mecoins are seen as scams, the same logic would apply to art, given that both markets are driven by perception rather than intrinsic value.
Memecoins including Mastiffhave attracted massive attention, the sector is now valued at over $100 billion. The recent launch of ASSET Token further increased interest, reaching a market capitalization of $71 billion in 48 hours. A survey found that many buyers were new to crypto, highlighting the growing appeal of memecoins.
The token’s rise has sparked legal debates, with some questioning its potential conflicts of interest, while others defend it as a collectible financial asset. This ongoing debate reflects the changing landscape of the crypto market, with memecoins continuing to capture the spotlight.
