Recently, memecoins that have been released one after another and have created a pump dump effect have been on the agenda.

The most talked about among these were the memecoins named Libra (LIBRA), TST and BROCCOLI.

While experts warn investors that memecoins are risky, another warning came from Coinbase CEO Brain Armstrong.

Coinbase CEO warned memecoin investors while also supporting memecoins, saying market participants should keep an open mind about the future of memecoins.

Armstrong said that he was not actively investing in memecoins, but that memecoins were culturally and technologically very important.

Claiming that even Bitcoin (BTC) is a kind of memecoin, the famous CEO stated that Dogecoin (DOGE) continues to be the biggest example for memecoins.

Armstrong warned investors to be wary of new projects, noting that there has been recent insider trading in memecoins.

The Coinbase CEO recently called on the crypto community to focus on more permanent and guaranteed gains rather than chasing quick profits, arguing that memecoins will evolve to serve more meaningful purposes over time.

“About Memecoins…

Memecoins have gotten a lot of attention lately and I've received some questions about what I think about them.

I am not personally a memecoin trader (aside from a few test trades), but they have become very popular.

They have been with us since the beginning, without a doubt – Dogecoin is still one of the most popular coins. Even Bitcoin is a memecoin (you could argue that the US dollar is too, once it is decoupled from gold).

….”

On memecoins…

Memecoins have generated a lot of buzz recently, and I’ve gotten some questions on how I think about them. I am personally not a memecoin trader (beyond a few test trades), but they’ve become hugely popular. Arguably, they've been with us since the beginning –…

— Brian Armstrong (@brian_armstrong) February 19, 2025

*This is not investment advice.

Continue Reading: Coinbase CEO Brain Armstrong Talks About Bitcoin and Memecoins! "Is There a Memecoin Investment?"