An amicable Chinese verbal altercation sparked off a banter between an Ethereum co-founder and X, which alarmed the memecoin community.
The nerdy co-founder of Ethereum, Vitalik Buterin, was observed trolling the memecoin ecosystem on X. However, his post responded to an earlier statement by an X user designated as fi.
Buterin stated earlier today in a post that non-censoring builders should be as courageous as she is for them: “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. The X user responded by criticizing Ethereum holders, stating 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 implies an uncritical admiration for the Ethereum protocol as a center of innovation. The discourse persisted, this time aimed at individuals who owned memecoins.
Buterin mocked memecoin holders because their posts resembled “Let’s meow together, meow meow meow meow,” according to a Chinese-language Google translation of the post.
Members of the cryptocurrency community responded to this statement on X, with numerous individuals elaborating the taunt, as is typical in the world of playful memecoins.
non censoring builders be like— vitalik.eth (@VitalikButerin) January 30, 2024
It is worth mentioning that Cardano, an initiative led by Charles Hoskinson, had encountered trolls from members of the communities of other blockchains. In contrast to the lighter tone of the Ethereum co-founder’s post, the exchange involving Hoskinson is considerably more heated.
Hoskinson responded promptly to the Cardano chain’s detractors during one such encounter. In support of his position, the Layer-1 protocol’s creator emphasized the network’s scalability by drawing parallels to Bitcoin.
Meme Tokens Gaining Traction
Notably, this chivalry occurs amid an expanding positive impetus within the memecoin ecosystem. Numerous tokens have experienced substantial price increases. The value of the dog-themed memecoin Dogecoin (DOGE) increased by 11% a few days ago.
The price of DOGE increased to $0.08818 from a 24-hour low of $0.07899. The price of the memecoin at the time of writing is $0.08136. Shiba Inu is also performing admirably, as evidenced by a modest price increase, although the optimistic sentiment is primarily attributable to Shibarium’s possible milestones.
In addition, Myro has recently ascended to the third-largest position on the Solana network regarding market capitalization, surpassing its previous peak. The coin’s value reached an all-time peak of $0.2607, exhibiting remarkable growth rates.
Several additional meme coins have undergone comparable price and user engagement increases. The traction of these memecoins within the community demonstrates why industry leaders enjoy the concept.