Solana Founder's Views on Meme Coin Phenomenon

By
Hiroto Takahashi
1 min read

The crypto market has been abuzz with Dogwifhat's meteoric rise, and Anatoly Yakovenko, the co-founder of Solana, has finally addressed the phenomenon of meme coins. Yakovenko highlighted the surge of Dogwifhat, challenging holders to direct their profits towards community service instead of relying on charitable donations to absolve the 'bad' nature of meme coins. He compared meme coins to 'transferable loot boxes' and urged holders to influence each other towards positive actions. As Dogwifhat continues to captivate the crypto industry, Yakovenko's intervention adds an insightful dimension to the debate surrounding meme coins, prompting holders to reconsider their impact beyond financial gains.

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