Solana’s co-founder Anatoly Yakovenko caused controversy after referring to memecoins and unimaginable tokens as the “digital slop,” despite the huge revenue of Solana.
“I have said this for years. Memecoins and NFT are digital slop and no intrinsic value,” Yakovenko Says On an X post on Sunday while comparing crypto tokens to loot boxes in free-to-play mobile games.
Yakovenko’s comment came during a debate with base creator Jesse Pollak if memecoins and NFTs had a basic value, and therefore, where that value lies.
The Solana Labs CEO Argued That their value is derived by the discovery of the market -driven price, while the pollak Contra with intrinsic value in the content itself.
“The content itself is important. As a painting is starting to be important, no matter what you charge people in the museum to see it.”
Solana Memecoins are like Apple’s loot boxes
Yakovenko identified that without the memecoins, Solana would not be there today, but claimed Apple’s revenues will also be neglected if they are not for loot boxes.
The loot boxes are in-app virtual reward located in many free-to-play games at the Apple App Store. Critics argue that they are taking advantage of players by encouraging repeated spending without guaranteed outcomes. Lack of transparency around the robbery boxes resulted in Regulation exam In some countries, including Australia and Germany.
The previous X posts from Yakovenko show that he administered that Memecoins and NFTs were worthless from at least January 2024.
Yakovenko hit the criticism
Yakovenko’s latest comments have received a modified criticism from Crypto community members, including the contributing Called Out the Boss of Solana for ridicule him User base.
Crypto commentator and x user coal added: “I’m not a big fan of how Vitalik manages Memecoins (…) but I find Toly’s approach to more blurry, they are actively promoting them constantly while believing they are worthless.”
Solana is still ultra-reliant in Memecoin activity
According to With Solana -dedicated Firm Syndica, Memecoins cost 62% of Solana Network’s decentralized app in June, a new high time.
Related: The death of Ozzy Osbourne fell 400% climb to CryptoBatz NFTS
Memecoin activity pushed the majority of Solana $ 1.6 billion income In the first half of 2025.
A large portion of Memecoin’s income originated from Solana -based MEMECOIN LAUNCHPAD PUMP.FUN and Pumpswap.
However, the rival’s platform Letbonk recently appeared as a serious competitor to pump.fun, sometimes exceeding its 24-hour income as Solana’s leading memecoin launchpad.
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