21Shares Head of Strategy: LIBRA Scandal Signs Peak of Meme Boom

Mariézer Ndinga, head of strategy at 21Shares, wrote on the X platform that the LIBRA token scandal marked the peak of the Meme coin craze, prompting the need for stronger risk management measures on the Launchpad platform. At the same time, global regulatory clarity is critical - especially with regard to government officials launching their own Meme coins. While permissionless innovations should be open to all, guardrails must be in place to protect consumers and prevent scams. For example, automated systems could flag the addresses of previous contracts involving Rug, helping investors avoid fraudulent activity.