Meme coins have been drawing attention for their unique valuation model, which mirrors the narrative-driven approach of the art market. Ki Young Ju, CEO of CryptoQuant, recently defended meme coins against accusations of being scams by highlighting the subjective storytelling that underpins their value.
As per the 2025 Crypto Hype Cycle graph shared by CryptoQuant, meme coins are currently at the “Peak of Inflated Expectations.” This phase typically involves speculative trading, inflated valuations, and heightened market enthusiasm. However, such peaks are often followed by a “Trough of Disillusionment,” characterized by market correction and skepticism.
Despite the potential for hype to fade, Young Ju believes that meme coins are here to stay and could evolve similarly to other speculative markets. He predicts that by 2030, the meme coin market will transition into a more structured and sustainable form, addressing issues like excessive speculation and regulatory gaps.
The comparison to the art market sheds light on the cultural and social narratives that contribute to meme coins’ value. While critics may focus on their lack of tangible utility, supporters argue that these assets reflect societal trends and possess significance beyond their financial worth.
Acknowledging the challenges facing meme coins today, Young Ju remains optimistic about their future. Drawing parallels to Bitcoin’s early days, he notes that solvable problems tend to be resolved over time, while unsolvable issues could lead to the industry’s collapse. As the market matures, fair practices to prevent issues like rug pulls may emerge, similar to Bitcoin’s growth trajectory.
In conclusion, while meme coins may face scrutiny and skepticism, their potential for growth and evolution cannot be overlooked. As the market continues to develop and address its challenges, meme coins could carve out a more established presence in the cryptocurrency landscape. It’s essential for investors to stay informed and exercise caution when navigating this dynamic market.