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March 19, 2024

'Meme Coins Harm Crypto Industry,' Says CryptoQuant CEO Amid SHIB and WIF Hype

Against the background of the recent surge in popularity and the price of meme coins like Shiba Inu (SHIB), Dogwifhat (WIF) and BOME, Ki Young Ju, CEO of CryptoQuant, has voiced concerns about their harmful impact on the cryptocurrency industry. According to Ju, such cryptocurrencies, characterized by their viral marketing and speculative nature, pose a threat to the legitimacy and progress of the crypto sector.

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