PANews reported on October 27 that Ki Young Ju, founder and CEO of CryptoQuant, commented on the X platform: "I agree with everything that the Memecoin community users talk about, except the Memecoin cycle theory. Social media has evolved from being centered on friends and family relationships to being centered on common interests. The next step is economic interest-driven social media, which is also the vision of Web3. Memecoin is just a temporary combination of economy and common interests in the transition stage of social media. Soon, we will see an era where economic interests are consistent with the creation of social value on the Internet, and then the real altcoin season will begin."