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Memecoins were the subject of a recent Vitalik-led banter – Crypto News

Published

1 year ago

January 31, 2024

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Vitalik Buterin, the nerdy Ethereum co-founder has been seen on X trolling the memecoin ecosystem, although his post was a response to an earlier statement made by an X user identified as fi.

Memecoins Features in Vitalik-Led Banter

Earlier on today, Buterin made a post stating that non-censoring builders be like “I will give up my solo journey unconditionally for you, and I will not be afraid of sacrifice if I am strong for you,” as translated by Google. In return, the X user took a jab at Ethereum holders noting that,

“It turns out that you are the luck I want to keep the most. It turns out that we and love were once so close.”

This statement somewhat connotes forced love for the Ethereum protocol as an innovation hub. The banter continued and this time around, it was directed at memecoin holders. Buterin trolled memecoin holders citing that they sound like “Let’s meow together, meow meow meow meow,” per a Google translation of the post shared in Chinese.

This statement led to a reaction from crypto community members on X with many elongating the tease as is customary of the playful memecoin world.

memecoin holders be like

我们一起学猫叫，一起喵喵喵喵喵

— vitalik.eth (@VitalikButerin) January 30, 2024

Notably, Charles Hoskinson’s Cardano had similarly been trolled by community members of other blockchains. While the Ethereum co-founder’s post was more light-hearted, the banter involving Hoskinson is more intense.

In one of such encounters, Hoskinson was quick to respond to the critics of the Cardano’s chain. To make his argument, the founder of the Layer-1 protocol touted the scalability of the network, closely comparing it to Bitcoin.

Meme Tokens Gaining Traction

Markedly, this banter comes amidst a growing positive momentum in the memecoin landscape.

Many of the tokens have been seeing significant gains in price. A few days ago, canine-themed memecoin Dogecoin (DOGE) registered an 11% price gain. DOGE moved from a 24-hour low of $0.07899 to a price of $0.08818. At the time of this writing, the memecoin is trading at $0.08136.

Shiba Inu is equally performing well with a slight price jump, although the positive sentiment is largely attributed to the potential milestones on Shibarium. Myro also markedly recently moved to the position of the third largest memecoin on the Solana network by market capitalization after hitting a new all-time high. The coin soared as high as $0.2607 with extreme growth rates recorded.

Several other memecoins have experienced similar upshoots in their prices as well as their user engagement. The community traction from these memecoins underscores why prominent leaders in the industry are having fun with the concept.