Curve founder: The memecoin craze has exacerbated the public's misconception of associating cryptocurrency with scams and scandals.

CoinFeed reported on March 27th that Curve founder Michael Egorov, in a discussion with DeFi researchers Deebs DeFi and Ignas, stated that memecoin "indoctrinates ordinary people into believing that memecoin is cryptocurrency and can lead to quick wealth," resulting in a large number of retail investors being exploited. Genuine crypto projects focused on decentralization, permissionlessness, and censorship resistance have not benefited; instead, they have borne negative trust consequences in the public eye, being labeled "scams" and "crimes." He believes the memecoin craze has exacerbated the public's cognitive bias of associating cryptocurrency with fraud and scandal.