Most memecoins will end up ‘worthless’, Ark Investment CEO Cathie Wood says

Wood pointed out that some of these digital tokens will ‘withstand the judgment of time’, and Donald Trump’s memecoin may be one of them

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Released in December 2013, the Dogecoin is considered the world’s first memecoin. Photo: Shutterstock

Published: 2:56pm, 19 Mar 2025

Most of the so-called memecoins that are flooding the US$2.6 trillion cryptocurrency space will probably end up “worthless”, according to Ark Investment Management founder and chief executive Cathie Wood.

The combination of blockchain technology and artificial intelligence is creating “millions” of meme cryptocurrencies that “are not going to be worth very much”, Wood told Bloomberg Television on Tuesday, adding that her private funds are not putting money into these coins.

Memecoins are a type of digital asset often inspired by jokes, current events or trends in popular culture.

In February, the US Securities and Exchange Commission (SEC) said memecoins are not considered securities so they will remain unregulated.

A representation of Donald Trump’s own memecoin, which was launched three days before his inauguration as the 47th US president in January. Photo: Shutterstock

“If I have one message for those listening who are buying memecoins: buyer beware,” Wood said. “There’s nothing like losing money for people to learn, and they’ll learn that the SEC and regulators are not taking responsibility for these memecoins.”