Meme Coins Exploit Retail Investors, Says Fideum CEO

According to Odaily, Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum, has expressed concerns about meme coins undermining the fundamental spirit of decentralization in cryptocurrency. She highlighted the increasing use of meme coins in rug pull schemes, exploiting retail investors. Plotnikova stated that meme coins have transformed from community-driven social experiments into chaotic domains extracting value from individual investors. She noted that conspiracies, price manipulation, and sniper groups have replaced the organic and collectible nature of the original meme coin communities, fostering an unhealthy competitive environment. Furthermore, Plotnikova believes that some actions are clearly illegal and fall under the jurisdiction of law enforcement agencies, advocating for enforcement measures against certain projects.