Avalanche founder: Memecoins are a social signal that helps attract new people

According to BlockBeats, on April 19, Avalanche founder Emin Gün Sirer said in an interview with Cointelegraph that although investing in Memecoins is risky, they are bringing value and new users to the crypto ecosystem. Gün Sirer pointed out that although Memecoins are not seen as a valuable investment by the outside world, their real significance lies in attracting more young newcomers to the crypto field in an interesting way. For these people, Memecoins trading is a social signal that can show their ability to select coins and make profits, just like some people use Bored Ape Yacht Club NFT as an avatar to show off their wealth. However, Gün Sirer also admitted that most Memecoin traders do not hold them for a long time, but constantly switch between different Memecoins. They need to accurately grasp the trends of the community, and luck is also important. Gün Sirer said that Avalanche has become one of the gathering places for Memecoins, and its community is booming and the number of users is increasing. But he reminded that Memecoins are still high-risk investments and novices need to be cautious.