In Pollak’s view, the culture and creativity behind such tokens give them significance beyond price movements.
But Yakovenko pushed back, questioning whether it’s truly beneficial for retail investors to purchase tokens after their price has dropped, even if the underlying content is considered “valuable.”
He warned that this narrative may obscure the financial risks facing everyday users who get caught in speculative cycles.
When asked if Solana’s current success would be possible without memecoins, Yakovenko admitted their influence.
However, he likened it to Apple’s financial success being driven in part by loot box mechanics in mobile apps, implying that popularity doesn’t equal substance.
Despite Yakovenko’s criticism, memecoins remain central to Solana’s on-chain activity.
