Nom, a core contributor to BONK, pointed out at the Consensus 2026 event held in Miami, USA, that "most memecoins cannot survive for long." According to CoinDesk, he stated, "Trading new memecoins is virtually similar to high-risk sports betting, and most memecoins lack the capacity to pursue regulatory procedures such as exchange listings or ETF applications." He also added, "The cryptocurrency market repeatedly follows a structure where it attracts short-term profit-seeking capital through airdrops and point programs, and then network activity rapidly shrinks when incentives disappear."
