<ul><li>Charles Hoskinson, founder of Cardano, warns that 99% of Solana meme coins are likely to fail due to their speculative nature and risk of pump-and-dump schemes.</li><li>Meme coins built on the Solana blockchain, such as TRUMP, BONK, FARTCOIN, WIF, and PENGU, have experienced a market crash of over 85% in terms of market capitalization.</li><li>Hoskinson emphasizes the importance of real-world assets and utility for long-term value retention in the blockchain ecosystem, comparing Solana's meme culture to a successful but temporary celebrity.</li><li>Concerns are raised regarding Solana's deep association with meme coins, with a recent class-action lawsuit against the platform Pump.fun for facilitating the unregistered sale of securities.</li></ul>

Hoskinson Warns Solana Memecoins Are Built for Dumping—Market Crashes 85%

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