- Meme coins derive value through narratives, similar to the art market.
- Current hype places meme coins at the “Peak of Inflated Expectations.”
- CryptoQuant CEO Ki Young Ju predicts the meme coin market will mature by 2030.
Meme coins are sparking comparisons to the art market due to their reliance on narrative-driven value. Ki Young Ju, CEO of CryptoQuant, recently defended meme coins against critics who call them scams, saying that their valuation model mirrors that of the art world.
“If the very foundation of the meme coin market is considered a scam, then, by the same logic, the art market must also be viewed as a scam,” Young Ju stated. Both sectors assign value through subjective storytelling, legitimizing intangible assets.
The Hype Cycle: Where Do Meme Coins Stand?
According to the 2025 Crypto Hype Cycle graph shared by CryptoQuant, meme coins are at the “Peak of Inflated Expectations.” This phase is marked by speculative trading, inflated valuations, and lots of market enthusiasm. However, such peaks are often followed by a “Trough of Disillusionment,” a period of market correction and skepticism.
While the hype may fade, Young Ju stressed that the meme coin market is unlikely to disappear. Instead, it could undergo a natural progression, much like other speculative markets.
A More Mature Market by 2030?
Ki predicts that the meme coin market will transform into a more structured and sustainable form by 2030. This shift will likely involve tackling its current “unsightly elements,” such as excessive speculation and lack of regulation.
Related: Binance’s Meme Coin Picks Plunge: Is the Exchange Driving the Hype?
The art market comparison sheds light on the cultural and social narratives that give meme coins their value. Despite criticism for their lack of tangible utility, proponents argue that these assets reflect societal trends and hold significance beyond their financial worth.
Ki Young Ju’s Take: Problems, but Potential
Ki Young Ju acknowledges that meme coins face numerous challenges today but believes their ultimate future may not be bleak. “Solvable problems are resolved over time,” Ki noted, adding that if issues are inherently unsolvable, the industry will collapse.
He pointed out that the current issues with meme coins resemble the criticism Bitcoin faced a decade ago when it was dismissed as a speculative asset linked to illegal activities such as drug deals and money laundering.
Related: Meme Token Market Takes a Hit: Is This the End of the Hype?
“Over time, fair practices to prevent rug pulls may emerge as the market matures,” Ki remarked, drawing a parallel with Bitcoin’s growth. “This isn’t to dismiss Bitcoin but to encourage awareness of where the world is heading. I hope you can consider this as one possible future.”
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
