CryptoQuant's CEO, Ki Young Ju, who was once critical of memecoins, recently issued an apology and changed his perspective on their value. Previously, he believed memecoins were volatile and speculative investments. However, memecoins continue to gain popularity for unlikely reasons like internet jokes or celebrity endorsements. Despite this, Ju prefers the stability of sound projects over the unpredictable nature of memecoins. He previously voiced concerns that memecoins harm the crypto industry and hinder meaningful progress. However, after a post praising memecoins as the "spiritual energy of internet society," Ju faced criticism from the memecoin community and issued a public apology. He acknowledged that good memecoins build beneficial communities and investing in them is worthwhile.



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