MemeCore CEO Emphasizes Trust Over Short-Term Hype

ChainCatcher reports that Jun, CEO of MemeCore, tweeted that the true value of any project does not depend on short-term attention, headline valuations, or how much profit a foundation can extract, but is built on trust. Jun noted that while some may question MemeCore’s valuation, the project’s responsibility extends beyond generating temporary hype—it is to strengthen the ecosystem surrounding the project, contribute to a healthier market environment, and build something that can endure over the long term. He admitted that the blockchain industry has witnessed too many projects driven by speculation, short-term hype, and “pump-and-dump” schemes. Although MemeCore began as a meme project, a meme project can do far more than attract attention—it can create culture, build trust, and contribute to a healthier market environment. Previously, on-chain detective ZachXBT published a post questioning Kraken’s review process for listing MemeCore (M) spot trading, pointing to anomalies in related on-chain fund flows. Data shows that last week, M’s market capitalization briefly surged by nearly $6 billion and has since retreated to around $4.7 billion.