21Shares Strategy Chief: LIBRA Scandal Marks the Peak of Meme Coin Craze

ChainCatcher news, 21Shares strategy director Eliézer Ndinga posted on the X platform that the LIBRA token scandal marks the peak of the Meme coin craze, prompting the need for stronger risk management measures on Launchpad platforms.

Meanwhile, clarity in global regulation is crucial—especially regarding government officials launching their own Meme coins. While permissionless innovation should be open to everyone, safeguards must be established to protect consumers and prevent fraud. For example, automated systems can flag contract addresses previously involved in Rug pulls, helping investors avoid fraudulent activities.