CoinList CEO Raghav Gulati posted on social media, "I love Meme, but here are a few things to say: 1. If all we are doing is a Meme Coin Factory, then our valuation is roughly correct, and from here it is PvP (Player to Player). 2. I expect the number of tokens, especially Meme, to surge (by an order of magnitude or more than it is now), but the distraction of attention also means the distraction of liquidity. 3. The increase in algorithmic curation of financial content (i.e. Meme coins) means that the surface/distribution of winners will shape attention. 4. Bitcoin is the king of Meme coins. "