River CEO Dreads the Never-Ending Cycle of Memecoins

River CEO Has No Interest in Listing Altcoins Out of Fear of "Forever Hamster Wheel of Memecoins"

March 31, 2025

River, a popular cryptocurrency platform, has no plans to list alternative coins (altcoins) on its platform, according to CEO Ben Jones. In a recent interview, Jones expressed his concerns about the potential risks and consequences of listing memecoins, which he believes could lead to a "forever hamster wheel" of speculation and hype.

"We're very focused on building a strong, sustainable ecosystem for our users," Jones said. "We're not interested in creating a situation where we're just listing coin after coin, only to see the market fluctuate wildly and our users get caught up in the hype. We want to build a platform that's based on real value and utility, not just speculation and memetic manipulation."

Jones' comments come as the cryptocurrency market continues to grapple with the rise of memecoins, which have become increasingly popular in recent months. Memecoins are coins that are designed to be humorous or ironic, often with a focus on memes or internet culture. While some have argued that memecoins could help to bring new users into the cryptocurrency space, others have expressed concerns about their potential to create market volatility and confusion.

River's decision not to list altcoins is seen as a significant move in the cryptocurrency space, as many other platforms have been slow to adopt memecoins. Jones believes that by focusing on building a strong ecosystem and providing real value to its users, River can differentiate itself from other platforms and avoid the risks associated with listing memecoins.

"We're not interested in being a part of the 'hamster wheel' of speculation and hype," Jones said. "We want to build a platform that's based on real value and utility, and we're willing to take the time to get it right. We're not going to rush into listing coins just to try to get ahead of the curve. We're going to focus on building a strong foundation and providing real value to our users, and that's what's going to set us apart in the long run."