As the meme coin craze deepens, big names in the crypto space are confronting the tokens that have emerged overnight, Blockworks reports. Polynya, a well-known anonymous crypto blogger, published a blog post denouncing the "moral decay" in the encryption field. Ethereum co-founder Vitalik Buterin expressed his views on this, acknowledging the bad aspects of meme currency culture, but he values ââ"people's desire to have fun" and believes that meme coins can be a way to do good. He cited charity-focused tokens and âRobin Hood gamesâ like Axie Infinity as examples of financial benefits for low-income players. In addition, Li Jin, a partner at Variant Fund, made a business case for meme coins, arguing that viral tokens are an effective marketing strategy for founders.