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Meme coins gained widespread recognition, particularly following the launch of the TRUMP token by U.S. President Donald Trump. Recent activity in the meme coin space ignited a new wave of interest despite their lighthearted nature. Initially skeptical, CryptoQuant CEO Ki Young Ju changed his stance, appreciating the growth and evolution of these cryptocurrencies.
CryptoQuant CEO and Meme Coins
In a post on the X platform, Ki Young Ju praised meme coins as the “spiritual energy of internet society.” Adjusting his earlier position, he acknowledged that he underestimated the significance of meme tokens.
Meme coins are the spiritual energy of internet society.
Previously, the CryptoQuant CEO labeled meme coins as “gambling products,” indicating that the crypto industry was in crisis. However, in a January 20, 2025 X post, Young Ju remarked that Trump initiated the “meme coin era,” praising the evolution of these humorous cryptocurrencies.
As long as memes have sufficient mind share, meme coins can take countless forms in the future. The possibilities are practically endless… The fundamental reality behaving like a meme in financial markets does not vanish, so it is worth considering how to make the best of it.
Before his presidential inauguration, Trump launched the TRUMP token, garnering both acclaim and criticism. In its first three hours, TRUMP raised over $8 billion, becoming a sensation in the crypto industry.
Despite its initial surge, the TRUMP coin is now trading at $40.19, experiencing a daily drop of 18.7%. Some analysts predict that the token could potentially fall to $10.
Discussions on Crypto Regulation
While the TRUMP launch increased acceptance, experts emphasized the urgent need for crypto regulations. XRP supporter lawyer John Deaton stated that meme coin regulation should take precedence over other regulatory issues, such as the SAB 121 law. Bill Morgan called for the government to implement comprehensive regulatory norms in response to recent market movements.
However, Trump excluding crypto policies in his initial executive orders raised concerns within the community. This oversight prompted questions about whether the new administration would introduce policies capable of transforming the crypto ecosystem. The future of meme tokens remains uncertain amid increasing scrutiny.
While Trump’s TRUMP token significantly impacted the popularity of meme coins, the importance of regulations in the cryptocurrency market is becoming increasingly apparent. Experts stress the necessity of establishing a legal framework for the sustainable growth of such digital assets. Caution is advised for participants regarding market fluctuations.
