“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community

• Celebrity memecoins like $MOTHER and $DADDY have faced volatility despite community support.
• Robert Leshner of Superstate recognized the cultural impact of memecoins like Dogecoin.

Social media was lively with discussions around two notable memecoins: Mother Iggy [MOTHER] And Papa Tate [DADDY].

Despite the recent decline in their market value, in which DAD experienced a drop of 9.08% and MOTHER was down 15.54%, interest and support for these coins has not diminished among their followers.

However, many believe that celebrity memecoins have no lasting value and are simply a waste of money. Reflecting on this sentiment, user X (formerly Twitter) legend took X and wrote down,

“Stop wasting your money on memecoins. 99.9% of them will go to 0. Especially celebrities. This happens every cycle. Don’t be stupid. Invest in big pieces and let them roll.

Dogecoin, the king of memecoins?

In a recent episode of the “Unchained” podcast, Robert LeshnerCEO and co-founder of Superstate, shared a nuanced perspective contrasting with Dogecoin [DOGE] with other celebrity memecoins.

Leshner pointed out that Dogecoin uniquely established itself by mocking established cryptocurrencies like Bitcoin [BTC] And Litecoin [LTC]. It has shown surprising longevity and cultural impact in the crypto world.

He added,

“I think Dogecoin, for this reason, has a much greater importance in the societal Wikipedia of crypto than a non-unique, completely continuous c-list and d-list of celebrity coins.”

However, he continues to believe that other memecoins associated with celebrities can still generate attention and speculative interest in the market.

Ethereum vs. Solana Memes

According to a recent guide article published by CoinGeckoTHE Solana [SOL] the network has exceeded the Ethereum [ETH] network by hosting a larger number of celebrity memecoins.

However, despite the rise in popularity of Solana memecoins, a recent study by the Web3 platform — Trust recognized,

“While Solana is benefiting from a recent surge in meme coin activity, Ethereum is the original battleground for some of the most well-known and influential meme tokens. These pioneers paved the way for the meme coin phenomenon and continue to be major players.

This sentiment was further confirmed by AMBCrypto’s analysis of Santiment data, which revealed that Ethereum’s social dominance dominated Solana.

Source: Santiment

Despite this significant rise, the current memecoin market appears to lack inherent value and is primarily driven by competition and speculative trading.

Sharing a similar line of thinking, Ethereum co-founder Vitalik Buterin better say it when he said,

“I’m quite unhappy with the ‘celebrity experimentation in this cycle’ so far. “Financialization as a means to an end”, I can respect it if the end is worth it (healthcare, open source software, art, etc.).

Following: Will Ethereum continue to see green as autonomy increases and whales sell off?

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