🚀 Charles Hoskinson, Cardano's founder, has taken a jab at memecoins, likening their fleeting success to short-lived celebrity fame. In a chat on The Wolf of All Streets, he highlighted that 99% of memecoins lack sustainability, often benefiting insiders at the expense of late investors. Hoskinson warns that without a robust ecosystem, these tokens are doomed to fail.

💡 He argues that memecoins drain resources from the crypto market, offering no real-world value. Instead, he sees Bitcoin DeFi and digital assets as the true growth drivers. Meanwhile, Cathie Wood advises caution, noting the ease of creating valueless tokens. #CryptoInsights