21Shares Head of Strategy: LIBRA Scandal Marks Peak of Meme Coin Boom
The LIBRA token scandal marks the peak of the Meme coin boom, prompting the need for stronger risk management measures on the Launchpad platform, Eliézer Ndinga, Head of Strategy at 21Shares, said in a post on the X platform. At the same time, global regulatory clarity is critical - especially regarding government officials launching their own meme coins. While innovation that does not require a licence should be open to all, guardrails must be built to protect consumers and prevent fraud. For example, automated systems could flag addresses of contracts previously involved in Rug, helping investors avoid fraudulent activity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: If ETH falls below $2,882, the total long liquidation volume on major CEXs will reach $962 millions.
Musk: Grok is open-source software, anyone can use it for free
150 BTC transferred from an anonymous address to an exchange