MemeCore CEO Jun: The value of the project is built on trust, not short-term speculation

MemeCore CEO Jun tweeted that the true value of any project does not depend on short-term attention, headline valuations, or how much profit the foundation can extract, but is built on trust.

Jun pointed out that while some may question MemeCore's valuation, the project's responsibility goes beyond creating temporary hype; it is to strengthen the ecosystem around the project, contribute to a healthier market environment, and build something that can exist long-term.

He admitted that the blockchain industry has witnessed too many projects driven by speculation, short-term hype, and "pump and dump" behavior. Although MemeCore started as a meme project, a meme project can do much more than attract attention; it can also create culture, build trust, and contribute to a healthier market environment.

Previously, on-chain detective ZachXBT questioned the review process for Kraken listing Memecore (M) spot trading and pointed out that there were anomalies in the related on-chain fund flows. Data shows that last week, M's market cap once soared by nearly $6 billion, but it has now fallen back to around $4.7 billion.