21Shares Strategy Director: LIBRA Scandal Marks the Peak of Meme Coin Craze

Eliézer Ndinga, Chief Strategy Officer of 21Shares, stated on X platform that the scandal of LIBRA tokens marks the peak of the Meme coin craze, prompting the need for stronger risk management measures on the Launchpad platform. At the same time, global regulatory clarity is crucial - especially regarding government officials launching their own Meme coins. While permissionless innovation should be open to everyone, guardrails must be established to protect consumers and prevent fraud. For example, automated systems can flag contract addresses that have previously been involved in Rug incidents, helping investors avoid fraudulent activities.