The Chief Technical Officer of a16z crypto states:
"Memecoins are altering the way the public, regulators, and entrepreneurs perceive cryptocurrency. At best, it's akin to a risky casino, or a series of deceptive promises disguising a gambling environment. This profoundly impacts adoption, regulation, laws, and the behavior of developers. Beyond undermining the long-term vision of cryptocurrency that sustains many in this industry, memecoins offer little technical interest." - Source: Opinion of the technical director of a major fund.
Memecoins are akin to a casino without a foundation—eventually, the structure will fall; it may not be immediate, but it is inevitable. In the end, only those who manage to cash out in time will profit, and statistically, that's just 2% of participants. Then, these same two percent will tout their success, using it to lure others with signals or trading courses to increase their profits once more. After all, a fool is not a mammoth; he doesn't go extinct.
