Solana’s CEO Calls Memecoins “Digital Slop”—Even Though They Drive 62% of His Network’s Revenue

Yakovenko labels NFTs and memecoins as “digital slop” despite Solana’s revenue dependence. Memecoins made up 62% of Solana’s dApp revenue in June 2025, driving $1.6B in H1 revenue. Crypto figures criticize Yakovenko for dismissing tokens that helped grow the Solana ecosystem. Solana Labs CEO Anatoly Yakovenko has stirred controversy after labeling non-fungible tokens (NFTs) and memecoins as “digital slop.” The comment came during an ongoing debate over the value of digital assets and has prompted sharp reactions across the crypto community. In a post on X, Yakovenko stated that NFTs and memecoins “have no intrinsic value,” a position he claims to have held since early 2024. He compared them to “loot boxes” in free-to-play mobile games, suggesting they function primarily as speculative instruments. Solana’s revenue is memecoins and his PFP has always been an NFT https://t.co/kVIOB4puD6 — dollar (@knownasdollar) July 27, 2025 His comments were made during a discussion with Jesse Pollak, the creator of the Base blockchain, who disagreed, arguing that NFT content holds value in the same way a painting does. Related: Solana-based Memecoi… The post Solana’s CEO Calls Memecoins “Digital Slop”—Even Though They Drive 62% of His Network’s Revenue appeared first on Coin Edition .