Solana co-founder, Raj Gokal, supports meme coins and believes they are not a threat to the broader crypto market.
Gokal argues that meme coins appeal to a younger audience, which is crucial for advancing the industry.
Prominent crypto figure, Eddy Lazzarin, criticizes memecoins for undermining the long-term vision of crypto and lacks technical interest.
The acceptance and criticism of meme coins from the digital finance industry have sparked debates on their adoption and regulation in the cryptocurrency community.