IOSG Founder Calls for Substance Over Hype in Asian Crypto Community
Jocy, the founder of IOSG Ventures, criticizes the excessive focus on meme coins within the Asian crypto community, arguing that this trend neglects the essential development of infrastructure and applications. He emphasizes that the community should not chase short-term gains but rather strive for long-term development by focusing on building robust protocols and infrastructures. Highlighting the disparity between East and West, he notes that while Western entrepreneurs are rapidly progressing with substantial capital support, the Eastern community is mired in the speculative frenzy of memes. Jocy calls for a unified and cohesive Eastern crypto community to support innovative projects and foster sustainable growth, rather than getting caught up in fleeting trends.
Neutral
While the call for focusing on infrastructure over memes is prudent and promotes sustainable development, it does not immediately impact price movements or market sentiment. Traders might see a gradual shift in project focus from speculative to foundational, but this is a long-term narrative change without short-term trading signals.