Memecoins and NFTs, a "digital mush" for Solana's co-founder
Original headlineMemecoins et NFT, une « bouillie numérique » pour le cofondateur de Solana
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Solana co-founder Anatoly Yakovenko has once again dismissed memecoins and NFTs as "digital slop," arguing the assets lack lasting value. The critique comes as both markets have shed a large share of their capitalization, with the majority of memecoin buyers now sitting on losses. Yakovenko's remarks carry weight given Solana's position as the dominant chain for memecoin trading and NFT activity. Watch whether trading volumes on Solana-based venues such as Raydium and Magic Eden recover, or whether capital continues rotating toward utility tokens and DeFi.
Muhabbit's AI wrote this summary in its own words from Cryptoast's report and translated it from French. It can get details wrong, so check the source.
Named in this story
Anatoly Yakovenko, Solana (SOL), memecoins, NFT
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