Top trader Eugene, on BlockBeats news, admitted that he made a mistake in talking about AI meme coins. He believes that failure is part of the process and that people need to adjust based on new data. Eugene previously believed that AI meme coins would be durable, but now he prefers philosophically immutable concepts that don’t require continuous content generation.
He also thinks that new religions and cults might be better for forming long-term market consensus. GNON, an AI cult meme currency, has seen its market value drop over 50% from its high point.
