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 akin to high-risk sports betting, and most memecoins lack the capacity to pursue regulatory procedures such as exchange listings or ETF applications. Furthermore, the cryptocurrency market repeatedly draws in capital for short-term gains through airdrops and point programs, only to see network activity sharply decline once incentives disappear."
