Memecoins
SOL Co-Founder Mocks Vitalik Buterin and Supports Meme Coins
Solana co-founder Raj Gokal recently took a strong stance against the skepticism surrounding meme coins. Additionally, Ethereum founder was sneakily targeted Vitalik Buterin while advocating coin projects. He also attached Buterin’s photo to the post to make his position bold and clear.
Solana co-founder targets Vitalik Buterin
In an article on X, Gokal highlighted the importance of embracing diverse use of permissionless systems, despite concerns from traditionalists. “Meme parts scare away serious builders,” Gokal wrote, emphasizing community sentiment over the growth of such projects. However, he quickly followed up with a targeted reminder aimed at Buterin.
He said: “May I remind you of the “serious builder” who started all this work? Additionally, the attached blurry photo of Vitalik Buterin served as a not-so-subtle nod to the Ethereum co-founder.
Meanwhile, Gokal’s statement appears to defend the excitement over the meme coins. THE Solana The founder also suggested that those who reject such trends may struggle to thrive in the fast-paced world of cryptocurrency innovation. “If you’re fragile enough to be frightened by the way young people choose to use unauthorized systems for fun, you just won’t make it,” he noted.
This post is indicative of the ongoing rivalry between Solana and Ethereum, two leading blockchain networks competing for dominance in the decentralized finance (DeFi) space. However, Buterin has yet to respond to Gokal, leaving room for further discussions on the topic.
Read also: Crypto Market Selloff: $70 Billion Liquidated as Bitcoin, SOL, XRP, SHIB Prices Plummet
Meme Coin builders are really competent
In a recent statement, Lily Liu, president of the Solana Foundation, came forward in support of the same-corner founders, echoing the sentiments expressed by Gokal. Liu highlighted the skill of many meme coin founders, stating that they are “seriously competent builders.”
Responding to skepticism surrounding meme coins, Liu pointed out that these manufacturers may not be creating “fundamental value” in the traditional price-to-earnings sense. Instead, the Solana president emphasized the importance of community value in the crypto space. Furthermore, she asserted that co-founders are actively building economic primitives centered on “financialized” communities.
However, Gokal and co-founder Anatoly Yakovenko have always tried to protect the Solana community from potential scams. They advised not to trust chance Solana meme piece presales on X. Despite the promotion of meme coins, they advise doing thorough research on the project before investing.
Read also: Solflare campaign attracts 500,000 MetaMask users to Solana