Internet reports that when Trump launched his Meme coin on the eve of his inauguration, some believed that sharp price fluctuations opened the door for imitators. Juan Correa, deputy strategist at BCA Research, estimated that there are currently $6 billion in cryptocurrency lost from the ecosystem due to Meme coin. He explained: "Investors may be a little worried about issuing Meme coins because of regulatory risks and the risk of prosecution. But now that the president of the United States has done it, it seems feasible. However, Meme coins diverge attention from more basic crypto assets, and the profits from these transactions rarely flow back into the crypto space. It won't be used to develop innovative products that help solve the world's real problems, which everyone thinks encryption and blockchain can do."