Author: Vince Quill, CoinTelegraph; Translated by: Deng Tong, Golden Finance

Ki Young Ju, CEO and analyst at CryptoQuant, recently stated that "Meme coins are the prototype of the collective unconscious" - this is A concept created by 20th-century psychologist Carl Jung to describe shared memories and symbols passed down from generation to generation that support a common human culture.

In two X posts on February 23, Ki Young Ju wrote that animal and celebrity Meme coins are the product of collective unconsciousness, while altcoins are the manifestations of collective consciousness. Ju added:

"Animal Meme coins reflect shamanism that worships animals, while celebrity coins reflect the higher level of respect for humanity. Human evolution is driven by a common belief-worship, group formation and Cooperate. ”

He noted: “If you can create something people believe, you can thrive in the crypto industry as an entrepreneur.”

In terms of human consciousness, the comparison of Meme coins and altcoins. Source: Ki Young Ju

The quantitative analyst's comments were published in the aftermath of the Libra token scandal that caused investors about $107 million in losses, Argentine President Javier ·Javier Milei is at risk of impeachment and the resignation of Meteora co-founder Ben Chow.

Libra’s collapse has brought “fair issuance” tokens and memecoins to a close watch, with many describing the incident as the last nail of memecoins and calling for reasonable regulation of the industry.

Argentine President Javier Mile talked about the Libra scandal in an interview. Source: El Mundo

After the Libra crash, venture capitalist Nic Carter said the incident heralds the end of memecoin and its appeal to retail investors.

The venture capitalist believes that memecoin’s core value proposition is that they are allegedly launched on the market in a fair manner without an internal team or early investors.

This makes memecoin attractive to retail investors as it is a replacement for low-volume, high-complete dilution value altcoins peddled by venture capital firms, which use retail investors as exit liquidity sex.

Hayden Davis is one of the core figures in the issuance of Libra tokens. Source: Kelsier

"Memecoins is over. There will still be new token launches and there may be winners, but the era of the Memecoins is over," Carter wrote, stating investors' attention The force will turn to practicality-based projects.

According to GeckoTerminal, more than 600,000 tokens were launched in January 2025, with the vast majority of them memecoins, which has sparked too many cryptocurrencies for market share and limited investor attention. worry about the dilution effect generated.