CryptoQuant CEO: Disagrees with the "meme cycle" theory, believes that social media driven by economic benefits is the next stage of Web3

CryptoQuant CEO Ki Young Ju stated on his social media platform: "I agree with everything that meme coin enthusiasts talk about, except for the 'meme token cycle'. Social media has evolved from being centered around friends and family relationships to being centered around common interests. The next step is economically driven social media, which is also the vision of Web3. Memecoin is just a temporary combination of economics and common interests in the transition phase of social media. Soon, we will see an era where economic benefits are consistent with internet societal value creation, and that's when the real altcoin season will begin."