VARA Warns on Memecoins as Capitalization Hits $120B: MOEI Partners with Shiba Inu

Dubai’s Virtual Assets Regulatory Authority (VARA) recently issued a consumer alert addressing the risks associated with advertisements promoting subscriptions to memecoins. This alert follows the recent partnership between the UAE Ministry of Energy (MOEI) and Shiba Inu to explore Web3 solutions in energy, infrastructure, and governance.VARA Warns on Memecoin RisksThe market capitalization of meme coins has surged from $20 billion in January 2024 to $120 billion by the end of the year, prompting a warning from VARA about the associated risks.VARA noted that many meme coins do not have intrinsic value. Instead, their pricing is often driven by "social media trends, public hype, or deceptive promotional tactics". Dubai’s #VARA warns against meme coin hype

Feb 14, 2025 - 15:13

VARA Warns on Memecoins as Capitalization Hits $120B: MOEI Partners with Shiba Inu

Dubai’s Virtual Assets Regulatory Authority (VARA) recently issued a consumer alert addressing the risks associated with advertisements promoting subscriptions to memecoins.

This alert follows the recent partnership between the UAE Ministry of Energy (MOEI) and Shiba Inu to explore Web3 solutions in energy, infrastructure, and governance.

VARA Warns on Memecoin Risks

The market capitalization of meme coins has surged from $20 billion in January 2024 to $120 billion by the end of the year, prompting a warning from VARA about the associated risks.

VARA noted that many meme coins do not have intrinsic value. Instead, their pricing is often driven by "social media trends, public hype, or deceptive promotional tactics".

Dubai’s #VARA warns against meme coin hype