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

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.

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“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.”

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“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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