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Justin Sun: Meme Coin is the transformation of internet attention into money.

By: theblockbeats.news|2025/08/26 17:42:04

BlockBeats News, August 27, Justin Sun stated in a recent interview with The Late Point that Meme coins are about converting internet attention into money. For example, issuing a Biden coin now would not attract any buyers because Biden has not completed the transition from the name of the U.S. president to an IP or a kind of meme. There is a huge gap between anyone-can-issue coins and having the issued token recognized, and one must stand out in the internet attention economy to become a winner.

In the past 24 hours, the entire network has seen $777 million in liquidations, with long positions taking the biggest hit.

Federal Reserve's Barkin: If the economy continues to perform well, interest rates are expected to be adjusted gradually