Messari CEO Eric Turner Criticizes Memecoin Launches as Predatory and Unfair to Investors
In a recent statement, Messari CEO Eric Turner raised concerns over the integrity of numerous memecoin launches, alleging that many were structured to disadvantage retail participants. Turner highlighted systemic issues such as insider advantages, opaque token distribution, and pump-and-dump schemes that have eroded trust in the memecoin ecosystem. His remarks come amid growing regulatory scrutiny over fair launch practices in the cryptocurrency space, with industry leaders calling for greater transparency to protect investors from exploitative tokenomics.
“But if the market wants it, then there is probably a right for it to exist”
Meanwhile, Thomas Eichenberger, CSO and deputy Group CEO of Sygnum Bank said, “I personally believe there are more meaningful things we can do with this technology than issue meme coins. But if the market wants it, then there is probably a right for it to exist.”
“Then hopefully there is more to it than pure speculation and gambling,” he continued, “because there are users involved that may not be aware of the potential risks they enter into in case they buy and trade meme coins. But yes, they are a phenomenon of our industry at this point in time, so it’s going to be exciting to see where it takes us.”
“Classic crypto, we got really ahead of ourselves in the hype cycle there,” said Messari CEO, referring to the hype around AI
We’ve spent the past year and a half building an infrastructure for AI agents to leverage cryptos leading market intelligence platform
Excited to bring our insights to @CoinbaseDev and power the next generation of builders
https://t.co/NyHXAuLqBE
— Eric Turner (@ericturnr) April 9, 2025
Turner said, “For us at Messari, AI has really changed the way that we work on a day-to-day basis.
Talking about the increasing impact of Artificial Intelligence (AI), especially at Messari, Turner said, “It is so deeply ingrained in everything that we do and in our products as well. We have an AI co-pilot, we’ve done some really interesting things with AI.”
“I think when I look at where AI and crypto overlap today, I’ve been somewhat underwhelmed,” said Turner. “There are really interesting things where AI infrastructure can be done better. I’m still waiting to see something that really blows my mind live in action.”
Furthermore, Messari CEO said “we work in a space where Messari provides research, data, information. And when we think about what’s going to move things forward on the regulatory side – it’s transparency and it’s consumer education.”
Great day of meetings in DC
I’m incredibly excited about what Q3/Q4 hold for the industry pic.twitter.com/VhXYDsjlSJ
— Eric Turner (@ericturnr) April 10, 2025
