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Memecoins echo ancient belief systems and Jungian archetypes in a digital age – CryptoQuant CEO

Memecoins echo ancient belief systems and Jungian archetypes in a digital age – CryptoQuant CEO

CryptoQuant’s CEO Ki Young Ju has said that memecoins do not represent speculative assets, but rather manifestations of human psychology. This psychology is deeply rooted and has been a part of human culture throughout history.

Ju argued that the digital assets are in line with Carl Jung’s theory on the collective unconscious which states that repeated symbols and narratives influence human culture and behavior.

Ju considers meme coins to be modern digital archetypes influencing financial markets much as myths and religious symbols have affected societies.

“Meme coins thrive because they tap into universal patterns of belief and identity. Successful crypto entrepreneurs are those who create compelling narratives that people believe in and rally around.”

Two categories

Ju classified memecoins into two primary categories based on their psychological roots — animal-themed tokens and celebrity-based memecoins.

Animal-themed tokens such as Dogecoin, Shiba Inu, Bonk and Dogwifhat reflect shamanic traditions where animals are used as spirit guides.

He said that these tokens resonate on a subconscious basis, similar to ancient cultures who revered animals as symbols for strength, loyalty and wisdom.

The celebrity-based coin memes, such as Official Trump (TRUMP), Mother Iggy, Official Melania, Official Melania Meme, and Caitlyn Jennifer (JENNER), are based on hierarchical structures in which figures of influence command the attention.

Ju compared these tokens with religious icons or politicians, which their followers elevate to a near-mythical level.

Memecoins & Art

Ju compared memecoins with the art market. The value of the latter is not determined by its intrinsic function, but rather the strength of the cultural narrative.

“People don’t buy paintings just because they’re made of paint and canvas. They purchase them for the story they tell. The same applies to meme coins.”

Memecoins thrive despite the skepticism by traditional investors. Each day, thousands of new tokens are launched. Their increasing popularity shows how collective belief rather than fundamental utility drives value in some parts of the cryptomarket.

Ju’s analysis shows that memecoins represent more than a digital fad. Instead, they may represent a financial extension of age-old human instincts — seeking identity, storytelling, and shared belief systems in an increasingly digital world.

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John Lesley, better known as LeadZevs, is a multifaceted professional in the cryptocurrency arena, combining his extensive trading experience with software development skills. With over 14 years dedicated to analyzing and forecasting market trends across various asset classes—including currencies, indices, and commodities—John has built a reputation as a leading expert in technical analysis.In addition to his trading prowess, John is also a talented software developer focused on creating innovative tools for cryptocurrency traders. His contributions to major trading forums have reached millions of enthusiasts, where he shares valuable insights and strategies that empower both novice and experienced traders alike.As a professional trader and analyst, John provides tailored advice to clients while simultaneously managing his own investment portfolio. His unique blend of technical analysis expertise and software development allows him to offer comprehensive solutions in the rapidly evolving world of cryptocurrency.

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