CryptoQuant’s CEO Explores Memecoins as Products of Collective Human Beliefs

Ki Young Ju, CEO of CryptoQuant, recently shared an intriguing perspective on memecoins, linking them to Carl Jung's theory of the "collective unconscious."

In his Feb. 23 posts on X, Ju argued that animal-themed and celebrity-driven memecoins reflect deep-seated cultural symbols and memories passed down through generations, forming part of the shared human psyche.

He pointed out that while animal memecoins draw from shamanic traditions that honor animals, celebrity coins symbolize more structured belief systems, reflecting the reverence for human figures.

Ju further explained that the evolution of humanity has been shaped by collective beliefs, where worship, group formation, and collaboration play key roles.

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He emphasized that in the crypto world, success as an entrepreneur often hinges on one’s ability to create a belief system people can connect with.

His remarks came in the wake of the Libra token controversy, which led to significant financial losses and political fallout, sparking debates on the sustainability of memecoins and calls for more robust regulations in the space.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.