Summary
- Anatoly Yakovenko, co-founder of Solana, stated that meme coins and NFTs are 'digital trash' with no intrinsic value.
- Despite Yakovenko's negative stance, it is noted that Solana plays a key role in the meme coin ecosystem.
- The Solana-based meme coin launchpad Pump.fun reportedly supported trades of roughly 12 million tokens, generating $776 million in revenue.
Anatoly Yakovenko, co-founder of Solana (SOL), expressed a critical opinion on meme coins.
According to Decrypt on the 28th (local time), Anatoly Yakovenko stated on his X (formerly Twitter), "Meme coins and non-fungible tokens (NFTs) are digital trash and have no intrinsic value."
Despite Yakovenko's critical viewpoint, Solana (SOL) remains the most important chain in the meme ecosystem, and the Solana-based meme coin launchpad Pump.fun has supported trading of about 12 million tokens, generating $776 million in profits.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE![[Today’s Key Economic & Crypto Calendar] US January Manufacturing PMI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Market] Bitcoin breaks below $76,000 as selloff shows no sign of easing](https://media.bloomingbit.io/PROD/news/0b328b54-f0e6-48fd-aeb0-687b3adede85.webp?w=250)
![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
