Solana Co-founder Strongly Criticizes Meme Coins: "They Are Nothing but Digital Garbage"

Bloomingbit Newsroom

Summary

Solana co-founder Anatoly Yakovenko criticized meme coins and NFTs as 'digital garbage' with no intrinsic value.
Despite such criticism, Solana is mentioned as an important chain in the meme coin ecosystem.
The Solana-based meme coin launchpad Pump.fun reportedly supported the trading of 12 million tokens, generating $776 million in revenue.

Anatoly Yakovenko, co-founder of Solana (SOL), expressed a critical perspective on meme coins.

According to a Decrypt report on the 28th (local time), Anatoly Yakovenko stated through his X (formerly Twitter) account, "Meme coins and non-fungible tokens (NFTs) are digital garbage and have no intrinsic value."

Despite Yakovenko's critical view, Solana (SOL) is still referenced as the most important chain in the meme ecosystem, and the Solana-based meme coin launchpad Pump.fun has supported the trading of approximately 12 million tokens, generating $776 million in revenue.