PANews reported on February 24 that according to Business Insider, Nic Puckrin, founder of The Coin Bureau, said that people in the current crypto market have begun to get tired of Meme coins, and investor sentiment now may be as low as when FTX collapsed, or even lower. New meme coins are launched almost every day, and some celebrities participate in hype and sell-offs. The original concept of Meme coins was an interesting asset that the community can participate in, and the meme culture on the Internet can be reflected in shared tokens, but now Meme coins are no longer about community, fairness, or opposing venture capitalists, but have developed into an "industrial complex" designed to extract as much value as possible as quickly as possible, which is not its original intention.