Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Polygon CEO Doubles Down on Memecoin Support, Blasts Critics
ALTCOIN NEWS

Polygon CEO Doubles Down on Memecoin Support, Blasts Critics

By Crypto FlexsMay 24, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Polygon CEO Doubles Down on Memecoin Support, Blasts Critics
Share
Facebook Twitter LinkedIn Pinterest Email
  • Marc Boiron, CEO of Polygon Labs, came under fire for supporting a memecoin inspired by his pet.
  • This criticism led to a heated exchange with the head of Polygon Labs to weed out his detractors.
  • The criticism follows claims of a pump-and-dump project orchestrated by Polygon insiders.

Memecoin’s fun and playful nature means it can be inspired by anything, including the pets of influential figures. A prime example is Elon Musk’s Shiba Inu-inspired Floki Inu, which has the same name.

With the memecoin market experiencing a resurgence over the past year, this trend appears to have started with the Polygon (MATIC) network. However, controversy was sparked after claims were made that it was being driven by insiders who were pumping and dumping tokens into the community.

Despite ongoing questions, things have heated up in the community recently, as Polygon (MATIC) Labs CEO Marc Boiron can be seen actively supporting a new memecoin inspired by his dog. This situation led to a reaction from Boiron, who decided to repel the critics.

Boiron to the critics: I will do what I want

“Honestly, I try to enjoy it when I want to enjoy it. “No one can decide when I can have fun and when I can’t.” Boiron assert Wednesday, May 22nd at X Post.

The statement from the head of Polygon (MATIC) Labs came in response to criticism from a community member about when his post was inspired by his dog and joining the NIGHT memecoin community.

Learn more

This is a real question, not trolling.

Did you think this was a good idea?

A huge thread followed accusing insiders of launching coins with basically the same story. Is someone releasing another insider coin with the same story as other executive pets?

— Silanthax / dirty.rat (@godphanter) May 22, 2024

But Boiron’s response did nothing to calm the storm. In response to the Polygon Labs director, community members claimed:

"Fair enough, thanks for answering a simple question like a petulant teenager. Lets me know who's captaining this ship."

To understand the community’s reaction, it is necessary to understand the claims that the Polygon Labs team faced.

The Elephant-Size Debate

The latest controversy surrounding the Polygon team stems from activity surrounding the ELE memecoin, a project supposedly inspired by a pet elephant owned by Polygon co-founder Sandeep Nailwal, which appeared on the scene in January 2024.

In a May 20 thread on scene. Ghangas, who claimed to have been asked to build a website for the project, alleged that these executives and their associates exploited the developers without pay for months by slowly dumping into the community.

Literal (Poly)GOONS

How does top management @0xpolygon And other insiders have been misleading and exploiting developers for months, slowly attacking the community under the pretext of memecoins. An Observer’s Story of Deception and Fraud pic.twitter.com/T4APdzDJkX

— Rahul Polygon Intern (@Rahul__Ghangas) May 20, 2024

Just like Boiron did with NIGHT, at one point Nailwal also used an ELE image as X’s profile picture.

Polygon Labs is still Daily Coin Comments are requested at the time of writing.

After a positive uptrend in early January 2024, ELE has lost almost all of its value, having fallen more than 99% from a high of around $0.00064 to around $0.0000005778 at the time of writing. gecko terminal data.

On the flipside

  • It’s unclear if Boiron holds NIGHT.
  • The veracity of the claims against the Polygon Labs team is still debatable.

Why This Matters

Recent allegations against Polygon Labs are calling into question the company’s integrity, and Marc Boiron’s comments have done little to dispel the doubts seen in the eyes of several members of the community. The controversy comes at a time when Polygon co-founder Sandeep Nailwal appears to be trying to unify the community with his latest (Poly)GOONS movement.

To learn more about Polygon (MATIC), read:
Polygon (MATIC) Achieves 4 Billion Transactions Milestone due to Soaring Usage

See how SushiSwap works to protect its users.
How SushiSwap uses the GoPlus API to protect users from fraudulent tokens

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025
Most Popular

SPX, DXY, BTC, ETH, SOL, BNB, XRP, DOGE, ADA, SHIB

November 19, 2024

Ether Lee Rium Whale dumps 500,000 ETH in 48 hours: Chain Data

April 6, 2025

Clarifies misunderstandings about Arbitrum’s Timeboost proposal.

September 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.