I have the same thoughts about this. It's probably going to be known now as the meme system, and nothing is going to change that now. SOL is perhaps all they know for those who got onboarded because of the recent rampant memes. I hope they go to ETH, where this has more uses.
He is trying to say that he isn't involved and didn't profit from it. I have read that it's the team and other people that have taken advantage of him but he still should be accountable.
Solana became known as a money-printing machine through memecoins that anyone can create. It's practically a casino. I was even thinking about investing in some to try my luck, but I haven't mustered the courage yet.
Do you think memecoins like Popcat, Pepe, Dog, and others will continue to be the central focus of this bull run? Or is it the definitive end of memecoins? What's your opinion?