Jupiter founder Meow: The market atmosphere has deteriorated due to the influx of short-term speculation, and community value is the core spirit of blockchain.

Solana trading aggregator Jupiter co-founder Meow, in a conversation with ThreadGuy, a prominent cryptocurrency live streamer, on 2/13, discussed the current Crypto Assets culture, celebrity launch coins, community influence, and future market development directions. Regarding the current market filled with short-term speculation, Meow commented, 'This is really bad.' Many viewers agreed, stating that this is the true content that the crypto world should be discussing.

Is the Crypto Assets culture changing, Meow's spraying atmosphere is super bad

Meow first sprayed in the interview that the current crypto world atmosphere is really bad. He said that the current market is full of a large number of 'short-term arbitrage' phenomena, and many people are entering the market just for quick profit, rather than building a truly valuable community or product. He believes that even in the past, fraudulent projects would still spend time managing their image for marketing, but the current situation is that the cost of launching coins is approaching zero, making the market even more chaotic.

ThreadGuy also added that now launching coins has become as cheap as buying a cup of coffee, resulting in the market being flooded with a bunch of worthless tokens, and people don't care much. The two believe that this trend makes 'community trust' more important than ever, and only by truly building loyal supporters and fans can one survive in the market.

The phenomenon of celebrities launching coins is spreading, Meow urges giving them a chance

And celebrity launch coin has also become a hot topic in the crypto world, with many stars such as Aiden Ross, Iggy Azalea, etc., launching their own tokens one after another, but most of them have been severely criticized due to improper market manipulation or lack of community operation.

Meow believes that although these celebrities may not understand Cryptocurrency at first, the community should not just attack them, but should find ways to integrate them into this ecosystem. 'We should give them the opportunity to learn how to truly participate, instead of immediately labeling a project as a scam when it fails.'

ThreadGuy also shared the insider of a celebrity token event. Originally, his own team was invited to record a Podcast, allowing the other party the opportunity to explain the ins and outs of launching a coin, and share her launch coin plan. However, unexpectedly, the other party's team released 'inside information' to the public before the Podcast was released, leading to the direct cancellation of the Podcast. This incident has once again plunged the community into a crisis of trust in celebrity coin launches.

People will continue to create tokens, and the trend will not change

Despite the hype and chaos in the market, Meow remains confident in the long-term development of cryptocurrency. He came up with his own strip club theory (Strip Club), which simply is: "People don't necessarily need it, but as long as someone needs it, it will always exist!"

He emphasized that the market will always have people pursuing new things, whether it's new coins, new blockchain technologies, or even new market bubbles. "When the cost of launching a coin approaches zero, the market will usher in an infinite number of new coins, but at the same time, a few truly dedicated projects will stand out."

ThreadGuy also agrees and adds, "What we need to do is not to stop all this, but to ensure that what we are building is valuable, so that those who truly invest can receive the recognition they deserve."

How to make tens of millions of dollars in this market wave, you need to first establish a real network.

At the end of the live broadcast, ThreadGuy asked Meow, "If someone has just entered the crypto world, what should they do to make 10 million US dollars in this bull market?"

Meow's answer is simple: "Build connections and let real people know and trust you!" He emphasizes that although the crypto market changes rapidly, those who can really make big money are often those who have strong community support, rather than simply relying on luck to buy a coin that has skyrocketed.

Meow For example, when ThreadGuy was in a low period, artist Jack Butcher, who was once ranked among the top 100 companies in the world by Fortune magazine, saw his efforts and decided to issue NFTs to raise funds to support him. In the end, he raised 200,000 US dollars for ThreadGuy, which shows the power of connections and community.

Finally, Meow also reminds everyone that the market will always be changing, and opportunities will always be there. But if you want to survive in this market for a long time, you must have a group of people who truly support you, which is the most important. Ultimately, it still needs to return to the "community value", which is the true core spirit of blockchain.

(Trump Coin becomes the ultimate harvester! AllianceDAO founder claims that most AI tokens are short-term speculation, and the industry needs to return to its original intention)

This article Jupiter founder Meow: The market atmosphere has deteriorated due to the prevalence of short-term speculation, and community value is the core spirit of blockchain. Originally appeared in ChainNews ABMedia.