“A significant number of Memecoin launches were manipulated to disadvantage users,” states Messari CEO Eric Turner.
At the Paris Blockchain Week 2025, no subject was deemed too controversial, covering everything from the latest memecoin launches to rug pulls. Messari CEO Eric Turner expressed that he finds memecoins entertaining. “I really enjoy the idea. In the beginning, building a community and all that made a lot of sense to me.”
“However, when you assess it from a gambling perspective, it seems we reached a stage where it was indeed gambling, but the odds were skewed,” he remarked. “A number of memecoin launches felt designed to disadvantage early buyers.”
Following the trading market experience of “that wash out,” Turner believes it is quite beneficial for “the current state of our industry.” Alluding to a particular memecoin launch followed by a rug pull, he mentioned that he feels “this will steer us back toward creating substantial projects.”
“And I think every experience in this industry serves as a lesson,” he added. “You can observe how individuals interact with the technology and the buyer interest for launching new assets on various platforms. If anything, that experience has been incredibly valuable.”
There will continue to be quality assets in that area, but I also believe that the wash out we’ve witnessed over the last three months or so has been advantageous.
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“But if the market demands it, there is likely a justification for its existence”
On the other hand, Thomas Eichenberger, CSO and deputy Group CEO of Sygnum Bank shared, “I personally think there are more significant uses for this technology than creating meme coins. However, if there is crypto market demand, then it probably has a reason to be.”
“Ideally, there is more to it than mere speculation and betting,” he continued, “as there are users who may not fully understand the inherent risks involved in purchasing and trading meme coins. But yes, they are indeed a phenomenon in our industry right now, so it will be fascinating to see where it leads us.”
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“Classic crypto, we really got caught up in the hype cycle,” said Messari CEO, commenting on the excitement surrounding AI
For the past year and a half, we’ve been developing an infrastructure for AI agents to utilize the leading market intelligence network in crypto.
Thrilled to share our insights with @CoinbaseDev and empower the next wave of creators
https://t.co/NyHXAuLqBE
— Eric Turner (@ericturnr) April 9, 2025
Turner remarked, “For us at Messari, AI has fundamentally altered how we operate on a daily basis.
Discussing the growing influence of Artificial Intelligence (AI), particularly at Messari, Turner stated, “It’s thoroughly integrated into everything we do and our products. We have an AI co-pilot, and we’ve explored some really fascinating applications of AI.”
“When I consider where AI and crypto intersect currently, I must say I’ve found it somewhat disappointing,” Turner commented. “There are intriguing areas where AI infrastructure could be improved. I’m still eager to see something that genuinely amazes me in real-time.”
Additionally, the Messari CEO mentioned, “we operate in a sector where Messari delivers research, data, and insights. When we contemplate what will advance regulatory developments – it revolves around transparency and consumer education.”
Had a great series of meetings in DC
I’m exceptionally enthusiastic about what Q3/Q4 will bring for the industry pic.twitter.com/VhXYDsjlSJ
— Eric Turner (@ericturnr) April 10, 2025
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The article “Many Memecoin Launches Were Deceptively Set Against Investors,” Claims Messari CEO Eric Turner first appeared on 99Bitcoins.
