In the fast-paced world of crypto, trends shift quicker than you can say "decentralized." A recent tweet from investor Kyle (@0xkyle__) has sparked discussions about the declining importance of centralized exchange (CEX) listings and the resurgence of initial coin offerings (ICOs). As someone who's seen the evolution of blockchain from the sidelines of traditional finance, this feels like a full-circle moment back to crypto's roots.

Kyle's original post highlights a key shift: "CEX listings not mattering anymore is another part of the broader on-chain thesis. Crypto all started with blockchains to begin with, return to the natural state. Expect more ICOs to do well in the future. TBH, hate on WLFI but its up 10x. Plasma is also up. ICOs can work."

For the uninitiated, CEX refers to centralized exchanges like Binance or Coinbase, where tokens traditionally gain legitimacy and liquidity through listings. But as Kyle points out, the focus is moving on-chain—meaning directly on the blockchain, without intermediaries. This aligns with crypto's original promise of decentralization, cutting out the middlemen that have dominated the space.

The Rise of ICOs and Real-World Examples

ICOs, or initial coin offerings, were huge in 2017 but faded due to scams and regulations. Now, they're making a comeback in a more mature market. Kyle mentions WLFI—World Liberty Financial, a token tied to high-profile initiatives—which has reportedly surged 10x in value. Similarly, Plasma, another on-chain project, is gaining traction. These examples show that well-executed ICOs can thrive without relying on CEX hype.

This isn't just hype; it's backed by the broader on-chain thesis. Projects launching directly on blockchains like Solana or Ethereum can build communities and liquidity pools organically, often through decentralized exchanges (DEXs) like Uniswap or Raydium.

ICM Is Real: Implications for On-Chain Coins

In a follow-up reply, Kyle adds: "also means ICM is real and alot of these onchain coins doing incredible metrics will get repriced.. i hope."

So, what's ICM? Internet Capital Markets represent a crypto-native way to turn ideas, apps, or even memes into tradable assets on the blockchain. It's like democratizing venture capital—anyone can invest in early-stage projects without accreditation or banks. Binance Academy describes it as a system where digital assets enable fundraising via blockchain, bypassing traditional barriers.

For meme token enthusiasts, this is gold. Meme coins, often dismissed as jokes, fit perfectly into ICM. Think of how a viral meme can launch as a token, raise funds from the community, and trade on-chain. Projects with strong metrics—like high trading volume, active holders, or real utility—could see massive repricings as the market recognizes their value.

Why This Matters for Meme Tokens

At Meme Insider, we're all about decoding meme tokens in the blockchain ecosystem. The shift Kyle describes means more opportunities for grassroots projects. No longer do you need a CEX stamp of approval; on-chain performance speaks for itself.

Take WLFI's 10x gain—despite skepticism, its on-chain launch and community backing propelled it forward. Plasma's uptick suggests similar potential for other tokens. If ICM takes hold, expect a wave of innovative meme launches, from cultural phenomena to utility-driven plays.

Community Reactions and the Bigger Picture

Replies to Kyle's thread echo the sentiment. Users like @trix__0077 and @lorden_eth express hope for this return to roots, emphasizing DEX over CEX for privacy and authenticity. It's a reminder that crypto thrives on innovation, not gatekeeping.

As we head deeper into 2025, keep an eye on on-chain metrics. Tools like Nansen can help track these trends. Whether you're a trader, builder, or just curious, the on-chain revolution is here—and ICM is making it accessible to all.

This tweet thread isn't just chatter; it's a signal of where crypto is headed. Stay tuned to Meme Insider for more insights on how these shifts impact your favorite meme tokens.