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Founder of SquidGrow, Shibtoshi, discusses the chaos caused by memecoins in the crypto industry. While some see them as speculative assets, others defend them for challenging VC-backed tokens. Memecoins reached a market cap of $137 billion in 2024, but issues like scams and market collapse led to a wake-up call for a utility-driven token economy. Stakeholders must harness the chaos to evolve memecoins into a sustainable financial ecosystem.
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