Jupiter Co-founder: The industry must solve the problem of Meme coin abuse

Meow, co-founder of Jupiter, stated on X platform that Meme coin is a user-generated currency that can quickly unify people in terms of economy, finance, and ideology. Its lack of practicality and infrastructure is a feature, not a flaw, which allows community builders to launch projects without technical accumulation. However, this feature can also be easily abused, especially in an era of unclear identity. Meow emphasized that the industry must solve the problem of abuse and fulfill the promise of Meme coin. He is confident about the future and believes that by focusing on long-term community participation, this problem can be solved and user-generated currency (UGM) can enter a new era.