[Dogecoin co-founder breaks silence on meme coin profitability]
Dogecoin was born from a Shiba Inu terrier in 2013. It started as a joke, but quickly developed a huge community and led to the craze of animal-themed meme coins. While many investors have profited from these tokens, others have questioned their sustainability and actual value.
Recently, an X user criticized meme coins for lacking technical support and called on investors to switch to tokens with actual technical foundations. Billy Marcus, co-founder of Dogecoin, responded: “Technology that makes money is good technology.”
The popularity of meme coins remains unabated in 2024, with new tokens constantly being launched on Ethereum and Solana, especially cat-themed coins becoming increasingly popular. Recently, the market value of the GOAT token on Solana surged from US$3 million to nearly US$800 million due to the promotion of the AI robot Terminal of Truths. However, these “sentient” AI robots may actually be just large language models based on user input, and not truly intelligent entities.