According to a report published in January 2025, the total number of launched memecoins projects has grown and during the launch of the memecoin of Donald Trump the vast market was filled with over 6,000 coins and tokens in the name of Donald Trump.
With the back-to-back launch of memecoins, it is becoming quite hard for investors and traders to identify a legitimate and worthwhile investment. Most recently has been reported that the LIBRA token that was launched a week ago has been identified as a bogus project.
Alon the creator of Pump(dot)fun wrote in his Feb 18, 2025 X post that “I hope the people responsible get what they deserve.” Moreover, he criticized the indulgence of middlemen such as market markers and development who helped the LIBRA token.
Alon also said that the development of memecoins should be eased, helping the ones seeking to develop a memecoin for the market without relying on any middlemen.
Earlier on Feb 15, 2025, Todayq reported the president of Argentina who initially supported the LIBRA token, has withdrawn his support saying that he was not aware of the core details of the projects.
The middlemen are ruining the image of crypto
Not only experts but a few published reports have demanded for a more improved ecosystem the development and deployment of any memecoin.
Pump(dot)fun’s creators have praised his platform, saying that it was developed “ to explicitly tackle some of the issues that have been exposed.” adding, “Users should be able to make their own decisions and take responsibility instead of relying on third parties.”
Over time, the core concept of crypto, decentralization, has just become a word, and especially with the popularity of Bitcoin, Ethereum, and Dogecoin, the total number of projects in the crypto market continued to grow.
Before 2015 there were only a few projects in the crypto market, with the surging popularity, the number has now reached over 16,500 projects.
Crypto education now mandatory
The crypto market is rapidly expanding in size and with the surged adoption and usage, there is a need for education about what crypto is and its different types a few institutions have already launched their dedicated courses.
Blockchain technology has created very big opportunities for traditional finance systems in many ways, from cross-border payments to other storage-related services. It is further seen as a game changer for global finance.
When writing the crypto trading volume was $97 billion, with a surge of 32% at the same time, and the fear and greed index was at 38.
Bitcoin is trading at $95,253 with a 30-day loss of 8%, and the volume has reached $28.37 billion with a surge of 30%. The market cap fell below $1.90 trillion with 1.89% in the past 7 days and around 9% monthly.
