Memecoins are the most divisive topic in crypto.

By memecoins, I mean tokens that represent an idea and fluctuate in price based on the attention that idea receives. The best meme investors tend to be young people who are very online and attuned to internet culture. Memecoins are commonly juxtaposed with tokens that possess actual utility within protocols, or so-called utility tokens.

Even with market caps surging and retail interest growing, most people tend to describe them as “stupid,” “degenerate,” or a “casino.” This includes the vast majority of crypto VCs, perhaps because their investment mandates tend to exclude memecoins (which can be lucrative) from their list of eligible investments. And just this week, many were calling for the complete government ban of the most popular memecoin launchpad, pump.fun, due to lax content moderation.

I have always had an interest in memecoins — primarily because I was fascinated by their ability to act as a weathervane for internet sentiment and as a discovery mechanism for online communities. Today, I am convinced that memecoins are going to be revolutionary (not just popular). They are going to transform everything from civic engagement with government and the formation of mass movements to venture investing and the development of AGI.

This vision for memecoins probably soun

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Author: Ivo Entchev