Startale CEO Calls for Addressing Meme Coin Dominance in Crypto Industry :
According to Odaily, Startale CEO Sota Watanabe recently expressed concerns on X about the current state of the cryptocurrency industry. Reflecting on his decade-long journey in the field, Watanabe shared his initial excitement about how technology could empower individuals and improve society. However, he noted that the industry's primary use case has shifted to meme coins. While acknowledging this reality, Watanabe emphasized the need to address this issue.
Watanabe's remarks resonate with many industry veterans who have witnessed the shift from groundbreaking blockchain innovations to speculative trading. As meme coins continue to dominate market activity, the call to refocus on meaningful applications is growing louder. The future of crypto, according to Watanabe, lies in leveraging technology to solve real-world problems and deliver societal benefits.
This shift became more prominent following the Trump-era boom in meme coins, when speculative assets saw unprecedented growth. Before this rise, the market was primarily driven by Bitcoin ($BTC ), Ethereum ($ETH ), and technological innovations. However, after Trump's influence and the subsequent cultural and social media engagement, meme coins surged, with Dogecoin ($DOGE ) and Shiba Inu ($Shib) reaching record highs. This phenomenon has left many questioning the long-term direction of the industry.
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