No topic was off limits at the Paris Blockchain Week 2025, including recent memecoin launches and rug pulls. Messari CEO Eric Turner thinks memecoins are fun. “I really like the concept. Early on, building a community and everything made a lot of sense to me.”

“But when you think about it in terms of gambling, I feel we got to the point where yes, it was gambling, but the dice were rigged,” he added. “And you look at a lot of memecoin launches, and they were just, rigged against people buying them in the first place.”

Since the market has seen “that wash out,” Turner thinks it’s very healthy for “where we are as an industry.” Referring to a certain memecoin launch and the subsequent rug pull, he said he thinks “it will get us back to the point where we are building meaningful things.”

“And I think everything we do in this industry is a lesson learned,” he added. “You see how people are going to interact with the technology, see the demand just to launch new assets, the platforms that you can do it on. And I think, if anything, that experience was great.”

There are still going to be quality assets in that sector, but again, I think the wash out that we’ve seen over the past, let’s call it three months or so, has been good.

Explore: Messari CEO Eric Turner Thinks Q2 May Be Muted, But Q3 And Q4 Will Be Exciting!

“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.”

DISCOVER: 20+ Next Crypto to Explode in 2025 

“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

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“A lot of Memecoin Launches Were Rigged Against People,” Says Messari CEO Eric Turner

“But when we think about it from a gambling perspective, we were yes, gambling, but the dice was equipped,” he added. “And you’re watching a lot of Memecoin launches, but they were equipped to those who bought them in the first place.”

The market has seen “that wash,” so Turner considers it to be extremely healthy for “where we are the industry.” Referring to the launch of a particular memocoin and the subsequent lagpur, he said he thinks “back to the point where we’re building something meaningful.”

“And I think everything we do in this industry is a lesson we’ve learned,” he added. “You can see how people interact with technology, the demand just for launching new assets, the platforms you can do that, and if there is, I think the experience is great.”

The sector still has quality assets, but again, let’s call the bathrooms we’ve seen in the past three months.

Exploration: Messari CEO Eric Turner thinks Q2 might be muted, but Q3 and Q4 are exciting!

“But if the market wants it, then there’s probably a right to it.”

Meanwhile, CSO Thomas Eichenberger and Sygnum Bank’s associate group CEO said, “I personally believe that there is something more meaningful about this technology than issuing meme coins.

“And hopefully there’s more to it than pure speculation and gambling,” he continued.

Discover: 20+ Next Cryptographs to Explode in 2025

“Classic cryptography, we really took ourselves ahead of ourselves in the hype cycle there,” he said, referring to the hype around AI.

Over the past year and a half, AI agents have built their infrastructure to leverage crypto, which leads market intelligence platforms

I was excited to bring our insights @coinbasedev And powers the next generation builder https://t.co/nyhxaulqbe

– Eric Turner (@ericturnr) April 9, 2025

Turner said: “For us at Messari, AI has really changed the way we work on a daily basis.

Speaking specifically in Messari about the increased impact of artificial intelligence (AI), Turner said:

“I think I’ve been somewhat overwhelmed by seeing where today’s AI and Crypto overlap today,” Turner said. “There’s something really interesting that can make AI infrastructure even better. I’m still waiting to see what my mind actually blows away what’s in motion.”

Additionally, the CEO of Messari said, “We work in a space where Messari provides research, data and information. And when we think about what will move things forward on the regulatory side, it’s transparency and consumer education.”

A great day for meetings in DC

I’m very excited that Q3/Q4 holds in the industry pic.twitter.com/vhxydsjlsj

– Eric Turner (@ericturnr) April 10, 2025

Discover: Best New Cryptocurrencies to Invest in 2025

The post “Many Memocoin launches were equipped to people,” says Messari CEO Eric Turner, who first appeared in 99bitcoins.