Dragonfly Partner: The Meme Coin Cycle has Ended, and the Celebrity Token Frenzy has Cooled Off

BlockBeats News, February 24th. In a crypto podcast interview yesterday on Unchained, Dragonfly partner Haseeb Qureshi stated that the Meme coin cycle has come to an end. He likened the current Meme coin ecosystem to a casino, where each "slot machine" is owned by different individuals, a model that is not sustainable. Haseeb also pointed out that the celebrity token frenzy has rapidly cooled off or even passed. Regarding celebrity tokens that exploit the community, Haseeb called for industry unity to not support such token projects, thus completely ending this phenomenon.