Ansem: 2017 Altcoins Were Just Meme Coins With White Papers

BitcoinWorld Ansem: 2017 Altcoins Were Just Meme Coins With White Papers Ansem, a well-known crypto trader and the inspiration behind the Solana-based meme coin ANSEM, has stirred debate by arguing that many altcoins from the 2017 bull run were essentially meme coins dressed up with white papers.

In a series of posts on X, Ansem claimed that founders of these projects often misrepresented their intentions, making the current skepticism toward meme coins seem inconsistent. The 2017 Altcoin Era vs.

Today’s Meme Coins During the 2017 cryptocurrency boom, thousands of initial coin offerings (ICOs) raised billions of dollars by promising revolutionary blockchain applications.

However, many of these projects failed to deliver on their roadmaps, and some were later exposed as outright scams.