Solana co-founder Anatoly Yakovenko sparked a storm of controversy by calling meme coins and NFTs 'digital garbage' without intrinsic value. In a post on X, he compared them to loot boxes in mobile games, implying user exploitation. This statement came as a surprise, given that meme coins account for a significant portion of Solana's revenue $SOL — according to analysts, in June 2025, they made up 62% of the revenues of the network's decentralized applications. The crypto community reacted ambiguously: some supported him for his honesty, while others accused him of hypocrisy, as it was precisely meme coins and NFTs that contributed to the popularity of the blockchain.
Yakovenco acknowledged the contribution of meme coins to the growth of Solana, but emphasized their speculative nature. Critics point out the irony: platforms like Pump.fun, popular in the Solana ecosystem, have made billions on these assets. Nevertheless, the discussion fuels the question of the long-term value of such projects. Analysts believe that despite the criticism, Solana will remain a leader in the meme coin segment due to low fees and high speed.
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