Memecoins have long been misunderstood, and amongst their great utility, there is an emerging perception that memecoins are simply conduits for celebrity-driven pump-and-dump schemes designed to rip the masses off. Despite this perception, and whilst some memecoins have certainly channelled a lot of capital into a small number of hands, this is far from the norm. Many memecoins can, and do, offer utility to users—from fractionalisation to predictive markets.



The focus must be on utility

More must be done to shift this negative and overriding perception—if this misleading narrative is left to fester and grow, it could risk causing industry-wide damage. The memecoin industry must collectively do more to highlight the unique innovation behind memecoins and their utility for not just the crypto market but broader society, too. To develop projects that demonstrate this, AI is the best co-pilot.

The role of AI

AI agents are finely tuned to perform specialised tasks and make decisions with minimal or no human intervention, and they are deservedly having their moment in the spotlight. They supersede their less able genAI predecessors thanks to superior flexibility and intelligence, and in recent years, they have entered a transitional phase away from hype, speculation, and experimental novelties towards powerful real-world tools. 

They have transformed the tech space and are now an everyday tool for many businesses and consumers, applied to all forms of tech from user-facing technologies in self-driving cars to fraud detection technology. Yet the memecoin industry is still to capitalise on the benefits AI agents can offer—developers should harness the potential of AI in the development of their projects.

If AI agents are applied in the right way, they offer a smart way to draw out the utility of memecoins and the broader application of AI agents across financial practices. This can be through integrating AI agents into the tokens directly or deploying AI agents to complement memecoin activity.