Krutika Adani
The Solana co-founder compared memecoins and NFTs to loot boxes in mobile games, calling them “digital slop.”
Yakovenko argued that memecoins resemble exploitative loot boxes, offering hype-driven value with no intrinsic worth.
Critics accused him of mocking Solana’s user base despite memecoins driving over 60% of Solana’s dApp revenue in June.
Yakovenko says memecoins lack intrinsic value, while others argue their cultural and creative impact gives them meaning.