- Solana’s Dex volume has lost almost $ 700 million since Monday.
- The disadvantage is that it follows the opinions of the co -founder who criticizes MEME TOKENS and NFT.
- This remarks have arisen, especially because Meme Cryptos arouses Solana’s growth.
The latest opinion of Solana’s co -founder, Anatoly Yakovenko, shook speculative lovers.
Meanwhile, the blockchain reflects the impact on the distributed exchange (DEX) front.
Yakovenko dismissed NFTS and MEME COIN as an essential asset in the X post on July 27.
He compared them with a mobile game loot box that serves them for speculative individuals.
Meanwhile, this opinion stuck with emotions as Solar My Dex volume decreased by 220% from $ 39 billion on Monday to $ 23 billion today.
In the cryptocurrency industry, sudden dip is not uncommon, but some participants are connecting.
MEME CRYPTOS has grew the growth of Solana.
The irony that attracted the attention of the community. MEME TOKENS lacked traditional utility, but was essential for Solana’s latest boom.
In the last few years, almost all themes that have dominated the trend have been in the SOL block chain.
PNUT, WIF, FARTCOIN, and current penguins can specify the name.
Solana also boasts the largest memes lunch pads (pump.fun and raydium).
When the top chains like Ether Leeum and Cardano were quiet, Solana flourished due to viral memes assets and NFT.
In addition, Jupiter’s Solana Dexs flourished during the meme coin season.
In this trend, Solana has gained powerful communities, culture, profits and growth momentum.
Therefore, many people have the same opinion of Yakovenko to bite the hands of the ecosystem.
Solana -based exchanges have experienced a few days of slowing, depending on the controversial opinion.
Solana’s ecosystem was hit, whether the 20% slide was a common cool off.
This tone can be discouraged by some participants considering MEME Lunch Pads.
For digital asset lovers, memes tokens and NFTs represent the culture, accessibility and creativity of the encryption industry.
Moreover, they are lowering the barriers to entry to Web3.
Memed tokens lack value, but they are excited.
Yakovenko’s opinion was not grounded. Most meme tokens are not useful beyond attention.
They face criticism because they do not have legitimate sponsorship, use cases, and most producers fires into speculative plays.
Projects can be huge overnight and collide in a few minutes.
I will remember the controversial Libra.
Libra surged with a $ 222 million market capitalization project before colliding in a few hours, causing huge losses for investors.
The current market cap is $ 39.4 million.
Overall advertising, not the basics, indicates the life cycle of most memes coins.
But they also work. Cryptocurrency on the subject lacks materials, but it causes interest and excitement in the digital monetary market.
It also produces retailers who want to join the market without exploring complex protocols.
This phenomenon benefited Solana and received attention during the period when the top blockchain felt dormant.
Yakovenko’s remarks seem to be true, but they showed the vulnerability between the market behavior of encryption and logic.
In addition to decentralization, the interesting aspects of the blockchain industry are still important for the vitality of this sector.