CryptoQuant CEO Apologizes and Changes View on Memecoins

user avatar

by Giorgi Kostiuk

2 years ago

CryptoQuant's CEO Ki Young Ju recently apologized for his earlier remarks about memecoins, acknowledging their social value.

Past Criticism of Memecoins

For a long time, Ki Young Ju believed memecoins were one of the most volatile investments in the cryptocurrency market. He shared a similar perspective with many others who warned against their speculative and high-risk nature. Critics included Binance’s CEO Changpeng Zhao and Ethereum co-founder Vitalik Buterin. Ju warned about the risks memecoins posed by overshadowing legitimate projects and hindering industry progress.

Apologies and Acknowledgement

The CEO of CryptoQuant issued a public apology on X (formerly Twitter) for his previous remarks about memecoins. He acknowledged that he had "misunderstood memecoins but now sees their value."

I’d like to publicly apologize to memecoiners. I misunderstood memecoins but now see their value. A good memecoin builds a community that creates social value.Ki Young Ju

Change of View on Memecoins

Ki Young Ju's change of heart came following events related to the launch of the TRUMP token. He stated that "meme coins are the spiritual energy of internet society." This statement prompted questions from the memecoin community about his change of view.

Ki Young Ju's apology highlighted the importance of memecoins in the crypto ecosystem and their social significance, even for those previously skeptical.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Richard Heart Detained in Istanbul Linked to Finnish Tax Investigation

Richard Heart, founder of HEX and PulseChain, has been detained by Turkish authorities in connection with a Finnish tax investigation.

user avatarJacob Williams

TD Cowen Increases Strive's Share Price Target Amid Bitcoin Holdings Surge

TD Cowen analysts raised Strive's share price target from 44 to 56 due to significant expansion of Bitcoin holdings to 35,595 BTC, noted in a research update on October 16.

user avatarZainab Kamara

Tether Invests in AI Infrastructure Startup AIsa

Tether has invested in AI infrastructure startup AIsa, contributing to its total funding of over $9 million to support autonomous AI applications.

user avatarSon Min-ho

Taiwan Restricts Access to Coinbase and Kalshi Ahead of Elections

Taiwanese authorities have restricted access to Coinbase and Kalshi websites due to concerns over election betting.

user avatarTando Nkube

Strategy Proposes Daily Dividends for STRC Preferred Stock

Strategy has conditionally declared daily dividends for its STRC preferred stock for November 2026, pending shareholder approval.

user avatarKofi Adjeman

Ripple Prime Expands Institutional Trading with New Derivatives Access

Ripple Prime introduces access to perpetual derivatives referencing traditional assets for eligible institutional clients.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.