cryptonews.net
Following Dogwifhat’s meteoric rise to the top of the crypto market, Anatoly YAKOVENKO, one of the founders of Solana, took to social media to discuss the growing trend, sharing his views on the controversial tokens. Yakovenko’s remarks come amid Dogwifhat’s impressive rise to 29th place among memcoins by market capitalization, with a market value of $4.7 billion. The cryptocurrency’s rise has rocked the crypto sphere as it has overtaken established rivals such as Arbitrum (ARB) and Pepe Coin (PEPE).
In his recent social media post, Yakovenko condemned the nihilistic logic that suggests meme coins can absolve their “bad” nature through charitable donations. Instead, he advocated for personal behavioral change among holders, urging them to channel their profits into tangible acts of community service, such as volunteering at local dog shelters.
While acknowledging the cultural allure and frenetic nature of the crypto market fueling Dogwifhat’s rise, Yakovenko refrained from passing judgment on meme coins as inherently good or bad. Rather, he likened them to “transferable loot boxes.” As Dogwifhat continues to take over the crypto industry, Yakovenko’s intervention adds food for thought to the ongoing debate surrounding memcoins, prompting holders to rethink their role in shaping the crypto landscape beyond financial gain.
Image: VOI