New Crypto Meme Games Pose High Risk, Warned Illuvium Co-Founder

Illuvium co‑founder Kieran Warwick has cautioned that the next wave of crypto projects will be dominated by so‑called “meme games.” In a recent interview, Warwick said, “Plenty will be ponzis. Plenty will get exploited. Plenty will insta die. There will be ridiculous gains, and people will get absolutely f***ing rinsed.”

Warwick’s remarks highlight the volatility and potential fraud that can accompany projects that rely on hype rather than fundamentals. Investors who have previously chased high‑yield promises in meme‑coins may find similar patterns emerging in these new gaming tokens.

Implications for Crypto Gaming

The crypto‑gaming sector, which has already attracted significant capital, could see a surge in speculative launches. Market participants may monitor regulatory responses and project transparency as a way to gauge risk. While some projects may deliver genuine gameplay and utility, others could collapse quickly, wiping out small‑cap holders.

Overall, the warning underscores the need for due diligence when evaluating new meme‑style crypto ventures, as rapid gains often precede sharp reversals.

Based on reporting from Cointelegraph. Read the original.