Anatoly Yakovenko, co-founder of Solana, has suggested that the people who made memecoin provide funds to developers to improve meme projects.
Memecoins are still a controversial part of cryptocurrency. People can make an enormous amount of funds fast with them, but investors can also lose a lot of funds in scams called “rug pulls” or “getting rekt.” Anatoly has suggested grants for memecoin progress.
As people continue to talk about what memetic crypto tokens will do in the future, Solana (SOL) has become a top network for memes by providing low transaction fees and simple coin solutions like pump.fun.
Yakovenko’s vision for memecoins
Yakovenko suggested making this field even better by asking developers to make features for consumers. “Memecoins should let developers make things for them.” “Reverse the ICO process in a real way,” he said on Monday.
His reply on X was part of an ongoing discussion about how meme projects could make it easier for regular people to start using cryptocurrencies and bring in institutional investors.
Yakovenko said that meme teams would give grants, and developers would pick the best ideas based on clear and fair rules. Andre Cronje, a contributor to Fantom and blockchain expert, pushed for better speculation in meme tokens, which is similar to this idea.
According to data from CoinGecko, the memecoin sector declined significantly on Monday, dropping more than 8% of its market cap.
The crypto market as a whole has been down for weeks, and meme coins have been hit the hardest. Leading meme tokens like Pepe (PEPE), Brett (BRETT), and Dogwifhat (WIF) have all decreased by more than 10% in the last week.
