Solana co-founder dismisses claims of “meme coin’s negative impact on development”
Roj Gokal indirectly said that serious crypto developers should not be worried about the increasing popularity of Meme crypto tokens.
Solana is a popular Proof-of-Stake (PoS) crypto network which is mainly known for its highly scalable transactions. In the last couple of months, a huge number of meme crypto tokens launched on the Solana network and such tokens contributed billions of dollars in increments in the total market cap of the Solana Defi ecosystem.
On 27 April 2024, Raj Gokal, the co-founder of Solana blockchain, shared his opinion on the increasing popularity & demand of meme tokens, in response to the crypto community discussion around the negative impact of meme tokens popularity.
Gokal said that if the serious builders in the crypto sector are worried about the increasing fame of meme tokens then surely this is not a place for them.
Indirectly Solanan co-founder said that all the serious crypto devs & leaders don’t need to give any negative serious inclination toward the negativity of meme tokens.
Meme tokens & challenges
Due to the popularity & big rallies in the trade price of meme tokens, the majority of the small crypto traders prefer to invest in meme tokens in small amounts to become rich.
Some crypto experts noted that crypto investors’ inclination toward meme tokens has been very high in this bull phase of this innovative market and this is the reason why the inflow of money in the top flagship crypto assets is not sufficiently high.
The lower inflow of money in flagship crypto assets over meme tokens degraded the confidence of many crypto enthusiasts to a significant degree.
It is worth it to note that the Binance Smart Chain (Bsc) network launched a program, last month, to attract crypto devs & enthusiasts to launch new meme tokens on the Binance network.
Such types of programs are showing a very big picture of the meme token trend and surely these are hurting the sentiments of serious crypto devs.
Read also: Wasabi Bitcoin wallet winds down its business from the US
