Solana co-founder Anatoly Yakovenko is going through backlash from the crypto neighborhood over his feedback about meme cash and non-fungible tokens (NFTs). Yakovenko made these remarks in opposition to these tokens regardless of his community being dwelling to a lot of the prime meme cash by market capitalization.
Crypto Group Reacts To Solana Founder’s Feedback
The crypto neighborhood criticized Anatoly Yakovenko following his X post, wherein he described meme coins and NFTs as “digital slop” and ones that haven’t any intrinsic worth. The Solana founder added that, like a cell sport loot field, individuals spend $150 billion a 12 months on cell gaming, in reference to his ideology about meme cash and NFTs.
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Crypto marketer Anastasiia Bobeshko described the Solana founder’s feedback as being humorous, contemplating the traction that memes have introduced into the Solana ecosystem. She additional famous that the community made $1.6 billion within the first half of 2025 thanks to those meme cash. One other member of the crypto neighborhood, Ethereum developer Hanniabu, had earlier echoed an identical sentiment, suggesting that the community can be nothing with out meme cash.
Null, a member of the BONK neighborhood, declared that the Solana network would have by no means been the place it’s immediately with out meme cash. Yakavenko replied sarcastically, saying, “Completely. With out lootboxes, iOS would have negligible revenues for Apple.”
In the meantime, Crypto neighborhood member Art Chick asked the Solana founder if he had an issue with memecoin merchants spending $150 billion a 12 months on his chain, however they don’t see it as cell gaming. Yakovenko responded and alluded to an earlier reply wherein he defined that what’s necessary is the necessity to monitor knowledge, repair issues, use snipers, and work in direction of sandwich-resistant market implementations.
Distinction Between Solana and Base Meme Cash
It’s price noting that the Solana founder’s remark about meme cash stemmed from when he criticized a remark from Base’s lead developer Jesse Pollak, who suggested that Zora meme cash (that are Base tokens) are extra precious than these from Solana’s Pump.fun. In response, Yakovenko asked Pollak if Zora cash have any claims on future money flows from creators, one thing which Pump.enjoyable has.
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Pollak then clarified that every coin’s worth is dependent upon their fundamentals, which is why he believes that not all meme cash are the identical. Nonetheless, the Solana founder doesn’t imagine meme cash as an entire have any “intrinsic worth.”
Regardless of his remark, these meme cash, particularly the highest ones like Fartcoin, BONK, PENGU, and TRUMP, proceed to contribute to a major quantity of the day by day buying and selling quantity on the community. Notably, the Solana value surged to a brand new all-time excessive (ATH) of $294 in January, across the time the TRUMP meme coin first launched. SOL witnessed a major surge in its demand on the time, with buyers requiring the altcoin to buy the meme coin.
On the time of writing, the Solana value is buying and selling at round $183, down over 5% within the final 24 hours, in response to data from CoinMarketCap.
Featured picture from Adobe Inventory, chart from Tradingview.com