The co-founder of Solana, Anatoly Yakovenko, triggered controversy after qualifying the mecoins and non-butties “digital slope”, despite the substantial income from Solana to the same.
“I have said it for years. Memecoins and NFTS are digital slops and have no intrinsic value,” said Yakovenko in a post X Sunday while comparing cryptographic tokens with looting boxes in free mobile games.
Yakovenko’s comment occurred during a debate with the basic creator Jesse Pollak to find out if Emecoins and Nft have a fundamental value, and if so, where this value is.
The CEO of Solana Labs argued that their value is derived by the discovery of market-oriented prices, while Pollak replied that there was an intrinsic value in the content itself.
“The content itself is precious. Just as a painting is fundamentally precious, which you charge people in the museum to see it. ”
Solana Memecoins is like Apple loot boxes
Yakovenko admitted that without the same, Solana would not be where it is today, but said that Apple’s income would also be negligible if they were not for booty boxes.
Loge boxes are virtual rewards integrated in many free games in the Apple App Store. Critics argue that they operate the players by encouraging repeated expenses without guaranteed results. The lack of transparency around loot boxes has led to a regulatory examination in several countries, including Australia and Germany.
The previous Yakovenko articles show that he estimated that the same and NFTS have had no value since at least January 2024.
Yakovenko struck criticism
Yakovenko’s latest comments received renewed criticism from the members of the cryptographic community, including the Flounch contributor and the user’s “caps”, who called Solana’s boss to make fun of his user base.
The crypto commentator and the user of X Karbon added: “I am not a big fan of the way Vitalik managed Memecoins […] But I find Toly’s approach much more unpleasant, making them actively constantly promoting while believing that they are worth nothing. »»
Solana is always ultra-loving on the same activity
According to the infrastructure company focused on Solana, Union, the same represented 62% of decentralized application income from the Solana network in June, a new record of all time.
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The memecoin activity led the majority of $ 1.6 billion in Solana revenue during the first half of 2025.
A large part of the same revenues from Memecoin Launchpad Pump.fun and Pumpswap, based in Solana, which works as a decentralized exchange aggregator for Pump.memecoins launched by fun.
However, the Rival LetBonk rival platform recently emerged as a serious competitor to pump.
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