Ki Young Ju, CEO of CryptoQuant, said on his social platform: "I agree with everything that meme enthusiasts talk about, except for the'meme token cycle '. Social media has evolved from being centered on friends and family relationships to being centered on shared interests. The next step is social media driven by economic interests, which is also the vision of Web3. Memecoin is just a temporary combination of economic and common interests in the transition phase of social media. Soon, we will see an era when economic interests are aligned with social value creation on the internet, when the real season of counterfeit products will begin."