ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on social media that although he is not a fan of Memecoins, he believes they have potential value. He compared cryptocurrency exchanges to channels for the influx of internet capital into social spiritual energy; however, currently, Memecoins mainly have a negative impact and have led to criticism of industry leaders such as cryptocurrency exchanges.He further pointed out that the current Memecoin phenomenon is similar to primitive collective consciousness, where these communities operate like shared belief systems, potentially evolving from a "shamanistic movement" into a more structured belief system.Ki Young Ju believes that harmful Meme communities should be rejected, while those that promote positive spiritual energy in Meme culture can be supported. Although Memecoins have limited value at this stage, in the long run, Meme tokens with practical uses and mature systems may emerge.He envisions that in the future, religious organizations, charities, and non-governmental organizations (NGOs) may issue Memecoins with social value, providing new social and economic models for internet communities.

ChainCatcher news, according to Bloomberg Law, pump.fun is facing a class action lawsuit, with plaintiffs accusing pump.fun of violating U.S. securities laws by marketing and issuing unregistered and highly volatile meme coins, exposing investors to significant financial risks and collecting nearly $500 million in fees from it.The lawsuit has been filed in the U.S. District Court for the Southern District of New York and is the first to bring charges against all meme coins on the pump.fun platform. The plaintiffs describe it as "a new evolution of a Ponzi scheme and pump and dump."

ChainCatcher news, according to cryptonews, a new survey conducted by financial service provider Vyberu shows that over one-fifth of Russian respondents have traded or held Meme coins. The survey included 3,000 Russians aged between 18 and 60.The survey also found that 15% of respondents stated that they purchased Meme coins due to "hype." Additionally, 4% of respondents indicated that they bought Meme coins for "quick profits." Furthermore, 2% of respondents mentioned that they invested in these coins to "support the project creators."Most of those who reported having purchased Meme coins believe that Meme coins have good "growth potential," with 23% of token buyers stating they were attracted by the "cultural or ironic aspects" of Meme coins.6% of respondents were drawn to Meme coins because of their active communities and "fan groups." Moreover, a quarter of respondents believe that the issuance of Meme coins is an "effective marketing initiative." However, nearly half of the respondents consider Meme coins to be a "temporary phenomenon" and a social media trend.

ChainCatcher news reports that analysts claim that after Trump launched the meme coin TRUMP, scammers deployed a total of 6,800 fraudulent tokens and 91 counterfeit DApps.Analysts stated that within just 48 hours of its release, TRUMP's market capitalization reached $72 billion, creating a "perfect storm" for fraudulent activities. However, this surge attracted not only speculators but also malicious actors looking to exploit the frenzy.The report shows that on the day the token was launched, the number of tokens using the name "Trump" increased by 206%, from 3,300 to 6,800. Additionally, the day after the launch of the meme coin, the number of counterfeit apps grew 14 times, with over 90 counterfeit applications appearing in just 24 hours.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a whale that earned $39.15 million from multiple MEMEs such as PNUT, TRUMP, and MELANIA re-entered the TRUMP market early yesterday morning and has been continuously purchasing TRUMP over the past day.Currently, he has spent a total of 6.05 million USDC to acquire 205,000 TRUMP at an average price of $29.5, and is currently facing an unrealized loss of $600,000.

ChainCatcher message, Meme coin KOL Murad stated that the reason for the Memecoin super cycle is that crypto investment is entirely about people. The more enthusiastic people are, the more optimistic the assets become.

ChainCatcher message, X platform account @choiseungttt is suspected of impersonating former BIGBANG member T.O.P, engaging in activities related to the issuance of Meme coins.Currently, there is no conclusive evidence indicating a direct connection between this account and T.O.P. It is essential to remain highly vigilant regarding investment projects involving celebrities or public figures.

ChainCatcher news, the New York Department of Financial Services has issued a consumer alert warning to be cautious of "emotion-based virtual currencies," or Meme coins, emphasizing their extreme volatility, lack of regulation, and high risk of fraud, including sudden price surges and "rug pull" schemes.The department warns that these tokens are typically controlled by a small group of insiders, created on unlicensed platforms, and are susceptible to severe price manipulation. The New York Department of Financial Services also stated that it has begun closely monitoring Meme coins, as part of scams where creators or insiders may engage in manipulative "wash trading" to create the illusion of market activity and price increases.The public often finds it difficult to discern which Meme coins are being manipulated, and consumers should be particularly wary of the recent surge in emotion-based currencies created through unlicensed platforms that allow individuals without technical expertise to create currencies with just a few clicks. Even on regulated platforms, the prices of Meme coins are unstable and unpredictable, and they can drop significantly in a short period.

ChainCatcher news, Vine co-founder Dom Hofmann posted on the X platform stating that he did not participate in (VINE) and will never participate in any Meme coins.Previous news, Vine co-founder Rus Yusupov launched a Meme coin named after Vine, with a market cap exceeding 200 million dollars at its peak. The short video platform Vine was co-founded by Dom Hofmann, Rus Yusupov, and Colin Kroll (deceased) and was acquired by Twitter (now known as X) in October 2012.

ChainCatcher news, according to The Block, the official X account of Nasdaq was hacked to promote a fraudulent Meme coin. The hacker associated a fake X account as an affiliate account of Nasdaq and used the official Nasdaq account to retweet its posts, promoting a Meme coin named STONKS that was created on the same day. The post has been deleted, and the fake X account has been suspended.This Meme coin appears to be an imitator of the existing Meme coin of the same name on Solana, which holds the intellectual property rights to the meme. According to data from DEXscreener, the market cap of the fake Meme coin STONKSD soared to $80 million but soon crashed. This incident follows the pattern of well-known X accounts being hacked to promote scam tokens, with previous incidents involving celebrities and institutions.

ChainCatcher news, foreign media AXIOS reported that recently Trump tested the new limits of presidential power by launching a meme coin "TRUMP," which made him a cryptocurrency billionaire just two days before his inauguration. Cryptocurrency insiders are concerned that TRUMP and the hastily launched MELANIA meme coin could undermine the credibility that this scam-ridden industry has worked hard to establish over the years.It is worth noting that Trump was once skeptical of cryptocurrencies until his shift during the 2024 campaign. Most Americans are unaware that the U.S. president has virtually no restrictions on profiting from new ventures or business deals using their power. Due to Supreme Court rulings, if a president is accused of exceeding any legal boundaries, they also enjoy immunity for "official actions."Analysis suggests that within just eight hours on inauguration day, Trump expanded the immense public and private powers of the presidency to previously unimaginable levels. While presidents have always been able to pardon, grant favors, or protect friends, family, and allies, no one has ever done so as broadly, as openly, and as quickly as he has, and the public seems unfazed by it.

ChainCatcher message, Slow Mist posted on platform X, a fake Trump account executed a scam of about 1.25 million dollars. The fake account posted at least 4 meme coins in tweets, which were deleted within minutes after being shared, and only accounts mentioned in those tweets were allowed to comment.

ChainCatcher news, MetaMask posted on X: "The Farcaster account of its co-founder Dan Finlay has been compromised and used to promote a Meme coin. We have contacted the Farcaster team to assist in investigating this incident."According to SlowMist's Yu Sin, this Meme coin has already rug pulled, and the creator's address initial funds should have come from some mixing platform, having profited over 1000 SOL.

ChainCatcher news, CryptoQuant CEO Ki Young Ju pointed out that Trump has opened a new era for Meme coins, with retail investors continuously chasing Memes. With the development of the internet and social media, this phenomenon spreads faster and further. Platforms like Robinhood and cryptocurrency exchanges have made it easier for retail investors to participate in financial markets, and people no longer rely solely on banks or index funds, but instead choose more aggressive investment methods.The Trump administration is not interested in regulating this phenomenon; rather, it tends to leverage it. This also explains the reason behind Trump's coin issuance, which has attracted a large amount of speculative funds from global retail investors. As long as Memes maintain enough attention, such assets will continue to evolve, with celebrity tokens like TRUMP being just one example.The decentralized cryptocurrency market is a global, borderless platform, and more assets similar to Memes are expected to emerge in the future. The Trump administration has embraced a free market model, and the next four years may witness experiments in the cryptocurrency community driven by Memes. This wave is unstoppable and is expected to last until 2028.

ChainCatcher news, Binance co-founder and former CEO Changpeng Zhao posted on X platform that what is beneficial for meme coins is also beneficial for Bitcoin.Previous news, Zhao stated on X platform: "What is beneficial for Bitcoin is also beneficial for altcoins."