Flash News

OnchainLens: Thinking about memecoin culture

OnchainLens stated that the current market accusations against Jesse, Brian and Coinbase ignored the deeper issue of memecoin culture. No one wants to hold or build, but only to profit from the next buyer. When markets collapse because of speculative, worthless memecoin, people always look for scapegoats. While speculation is not wrong in itself, the problem is that this cultural incentive is extracted rather than created, and every new buyer is seen as being out of liquidity. To address this problem, it is necessary to improve culture, build practicality, promote DeFi and bring more real assets up the chain。

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