Memecoins Are Crashing, Hackers Are Cashing In, Where Are Smart Investors Moving Next?

Over the past month, we’ve attended key events across the U.S., Europe, and now in Hong Kong. One thing is clear: RWA tokenization dominates conversations at institutional and retail events. Investors are looking for real-value backed onchain assets.

The Memecoin Bubble Is Bursting

The wild speculation around memecoins is collapsing, leaving investors with massive losses. Trump Token, which once surged by 800%, has crashed over 80% from its peak. Similarly, Libra, a memecoin promoted by Argentine President Javier Milei, experienced a rapid rise before plummeting over 95% within hours.

The damage is widespread. Over $38.91 billion has been wiped out from the memecoin market in the past one month, according to the data from Coinmarketcap.

Bybit Hackers Used Memecoins for Money Laundering

Memecoins are not just trapping investors in financial losses, they are also being used for money laundering and cybercrime. The Bybit hack, where the Lazarus Group stole $1.5 billion, revealed how hackers exploit memecoins to wash illicit funds.

According to blockchain analyst Atlas, the hackers first sent 60 SOL to an anonymous wallet and used Solana’s PumpFun platform to launch a fake memecoin called QinShihuang.

They manipulated trading activity, buying and selling the token among themselves to create the illusion of high demand. This practice, known as wash trading, generated $42 million in fake trading volume, making it harder for investigators to trace the stolen assets.

To further cover their tracks, the hackers attracted real investors, mixing their stolen funds with legitimate transactions. Many traders, seeing the hype around QinShihuang, unknowingly jumped in, only for the hackers to cash out, leaving them with worthless tokens.

RWA Tokens: The Market’s Answer

With memecoin speculation collapsing and money laundering concerns escalating, investors are searching for a safer and more sustainable path. Tokenized RWA is the answer. It’s the bridge between crypto infrastructure and institutional finance, bringing real asset-backed value on-chain.

We’re already seeing this shift with large tokenized money market funds and trendy RWA blockchains like the upcoming ONDO chain, Mantra, and Plume gaining momentum. But what’s next to make the transition of the whole financial system a reality? Which RWA project will take the spotlight by building a massive supply of qualitative assets on-chain?

We might have found the answer. Stay tuned! 

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