Cardano Founder Slams Memecoins as Fading Celebrities of Crypto

Charles Hoskinson, the founder of Cardano, has delivered a scathing critique of memecoins, comparing their fleeting popularity to that of fading celebrities in the spotlight. In an interview with YouTube channel Wolf of All Streets, Hoskinson asserted that 99% of these tokens are unsustainable and solely serve to enrich a select group at the expense of long-term viability. He explained that while memecoin value surges due to hype often lead to rapid declines if not backed by robust ecosystems, real growth demands community engagement and genuine utility.