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Amid Dogwifhat, Bonk Hype, Solana Co-Founder Isn't Convinced Doing Good Redeems Bad Meme Coins: 'Find This Logic To Be Nihilistic'

Published 01/04/2024, 03:17
Updated 01/04/2024, 04:40
© Reuters.  Amid Dogwifhat, Bonk Hype, Solana Co-Founder Isn't Convinced Doing Good Redeems Bad Meme Coins: 'Find This Logic To Be Nihilistic'
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Benzinga - Anatoly Yakovenko, the co-founder of Solana Labs, expressed his skepticism about the idea of meme coins contributing to public good. His comments come amid the meteoric rise of Solana (CRYPTO: SOL) based meme coins like Dogwifhat (CRYPTO: WIF) and Bonk (BONK).

What Happened: Yakovenko took to social media platform X formerly known as Twitter to share his thoughts on meme coins and their potential to contribute to the public good. He stated, “Memecoin are bad, but if they donate to a public good then they have paid a penance for the bad thing. I find this logic to be nihilistic.”

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