Solana co-founder Anatoly Yakovenko is going through backlash from the crypto group 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 high meme cash by market capitalization.
Crypto Community Reacts To Solana Founder’s Comments
The crypto group criticized Anatoly Yakovenko following his X publish, through which he described meme cash and NFTs as “digital slop” and ones that don’t have any intrinsic worth. The Solana founder added that, like a cellular recreation loot field, folks spend $150 billion a 12 months on cellular 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. Another member of the crypto group, 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 group, declared that the Solana community would have by no means been the place it’s as we speak with out meme cash. Yakavenko replied sarcastically, saying, “Absolutely. Without lootboxes, iOS would have negligible revenues for Apple.”
Meanwhile, Crypto group member Art Chick requested 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 cellular gaming. Yakovenko responded and alluded to an earlier reply through which he defined that what’s essential is the necessity to monitor knowledge, repair issues, use snipers, and work in direction of sandwich-resistant market implementations.
Difference Between Solana and Base Meme Coins
It is value 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 prompt that Zora meme cash (that are Base tokens) are extra worthwhile than these from Solana’s Pump.enjoyable. In response, Yakovenko requested 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 depends upon their fundamentals, which is why he believes that not all meme cash are the identical. However, the Solana founder doesn’t imagine meme cash as an entire have any “intrinsic value.”
Despite his remark, these meme cash, particularly the highest ones like Fartcoin, BONK, PENGU, and TRUMP, proceed to contribute to a big quantity of the each day buying and selling quantity on the community. Notably, the Solana worth 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 big surge in its demand on the time, with traders requiring the altcoin to buy the meme coin.
At the time of writing, the Solana worth is buying and selling at round $183, down over 5% within the final 24 hours, in line with knowledge from CoinMarketCap.
Featured picture from Adobe Stock, chart from Tradingview.com