When the exchange of cryptocurrencies exchanges its first Altcoin, he prepares for the endless cycle of Memecoins launching, warns the contractor of the institution only Bitcoins.
“At the time when the exchange adds one token without Bitcoins, they sign up to the Whee Forever Hamster of Memecoins”, General Director of River Financial Alex Leismman he said In the post of March 29. “There is no point in mentioning ETH if you do not mention tokens released on ETH, and the same applies to Solana,” said Leishman.
River is not interested in building a “successful cryptographic casino”
Leishman said that although there are many “successful cryptographic casinos”, he is not interested in building one. River Financial is a financial institution only Bitcoin, focusing on buying and selling Bitcoin (BTC). Several companies decided to approach only Bitcoin, including Swan Bitcoin, Bitcoin and the decentralized bisq Exchange.
Leismman claimed that trading platforms with many assets give priority to miniature -term speculation about the accumulation of wealth:
“The casino business model is built around maximum extraction from customers, and the only Bitcoin model focuses on helping people building long -term wealth.”
Critics expressed this point earlier, even during Memecoin at the beginning of 2024. In April 2024, the Director of A16Z technology, Eddy Lazzarin, said that Memecoins hinders the long -term crypto vision that kept so many original builders in space.
“At best it looks like a risky casino,” said Lazzarin.
The market captain Memecoin has dropped by 27.94% in the last 12 months. Source: Coinmarketcap
Memecoin’s general market capital has conducted a significant crisis since the beginning of 2025. From January 1, the market capitalization of Memecoin has dropped by almost 49% to USD 48.49 billion at the time of publication, According to For Coinmarketcap data.
However, while altcoins were historically more unstable than Bitcoin, offering them next to Bitcoin was a lucrative movement of cryptocurrency and brokers.
Related: Are you waiting for the Altcoin season? The data suggest that they are already here
On February 12, Robinhood, which offers several cryptocurrencies to its clients, recorded 700% year -on -year cryptocurrency revenues in 2024.
Some traders seem to interpret the Memecoin list on the stock exchange as a validation of its credibility. Of the 15 memecoins mentioned by Crypto Exchange Binance in 2024. 12 recorded a significant escalate in value after going to the stock exchange, said nicknames onchain AI_9684XTPA analyst in November.
The founder of Coingecko, Bobby ONG, recently speculated that the Memecoin market can be guided by the “extreme case of power law”, in which 99.99% fail, and a few will escalate to the top and survival.
Warehouse: Co -founder of the Skeptical Arbitration in the field of traffic to the based and native: Steven Goldfeder
