This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Solana Labs CEO Anatoly Yakovenko sparked controversy by labeling memecoins and NFTs as ‘digital slop’ with no intrinsic value. His remarks, made during a heated exchange with Base creator Jesse Pollak, have divided the crypto community. The debate highlights Solana’s reliance on these assets for revenue despite its leader’s dismissive stance.
- Solana's memecoin revenue reached $1.6B in H1 2025, driven largely by platforms like Pump.fun.
- Yakovenko's critique mirrors his January 2024 stance, calling memecoins exploitative like mobile game loot boxes.
- Rival platform LetBonk is gaining traction, threatening Pump.fun's market share and Solana's short-term revenue stability.
📎 Related coverage from: newsbtc.com