Anatoly Yakovenko, co-founder of Solana (SOL), believes that memcoins play a role in promoting crypto projects in the market.In social network X, Yakovenko stated that memcoins offer something unique to the crypto industry.
the opinion of Solana's founders, memcoins have attracted so much attention from crypto traders that digital asset projects are forced to offer something valuable to stand out.
I believe that the previous cycle also consisted of 90% memes and 10% product. My hypothesis is that today's #meme coins have completely absorbed the meme energy that drove other cycles like #DeFi (decentralized finance) over the summer. Now all products have to do it purely on the basis of value. If they do that, it will be good for the industry.
Yakovenko also refutes investors who believe that meme tokens have no fundamental value. He says the market will ultimately decide whether an asset or product has value.
meme coins and "NFT-" (unique tokens) have no value, and neither does Lootbox, and the revenue from this business is enough to wipe out Europe's second-largest army every year.
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