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CryptoQuant Founder: Memecoin and the art market are similar in valuation logic

CryptoQuant Founder: Memecoin and the art market are similar in valuation logic

Bitget2025/01/27 01:22

CryptoQuant founder Ki Young Ju recently stated that Memecoin and the art market are similar in valuation logic, both relying on narrative-driven value growth. He predicts that despite short-term issues such as scams and counterfeit coins, the Memecoin market will mature over the next five years.

In January 2025, US President Trump launched "Official Trump (TRUMP)", reaching a market value of approximately $71 billion within 48 hours and ranking 15th in CoinGecko's market value rankings. This move sparked huge controversy, with Senator Elizabeth Warren calling for an investigation into the potential external impact of this token, while policy advisor David Sacks compared it to collectibles. Data shows that 42% of buyers were first-time crypto investors, marking a continued rise in popularity for Memecoins among global investors.

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