In a gripping narrative shake-up, Ethereum co-founder Vitalik Buterin recently took to a post on X, showcasing a sense of immense dismay in meme coins. This post by one of the world’s most prominent blockchain co-founders nabbed global attention, coming in the midst of a meme coin frenzy witnessed within the broader crypto market.
While meme tokens like DOGE, SHIB, and WIF rallied remarkably over the past few days, the post shared by Vitalik contrasted market sentiments, spotlighting a plethora of reasons why meme coins reflect disdain despite their popularity. This stirred a whirlpool of speculations questioning the narrative of issuing coins as a novel approach to funding significant public endeavors, as Vitalik stated.
Vitalik Disappointed in Meme Coins: Here’s Why
Aligning with the post Vitalik shared on X, the idea behind ‘issuing coins to fund public endeavors’ was primarily to offer an alternative funding mechanism alongside markets and institutions, bridging gaps where
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