Anatoly Yakovenko, co-founder of Solana, compares memecoins and NFTs to “digital slop” and paid loot boxes in mobile games. He nevertheless considers this speculation economically neutral because it uses few resources and allows profits to be reinvested. The market capitalization of memecoins has fallen 81% from its record of $150.6 billion reached in December 2024, while monthly NFT sales have dropped 71% year over year. A Bitquery study covering 2.9 million wallets found that 74% of Solana memecoin buyers were losing money after two weeks. Despite the downturn, Pump.fun generated $44.5 million in revenue in October 2026, while Schroders announced the tokenization of a bond strategy on Solana.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
