Ethereum co-founder Vitalik Buterin criticizes memecoins' market speculation and urges their use to support public endeavors and charitable causes.

Ethereum co-founder Vitalik Buterin has criticized memecoins amid the current crypto frenzy, urging their use to support public endeavors and charitable causes rather than fueling market speculation. Buterin's concerns coincide with the recent surge in value of meme coins such as DOGE, SHIB, and WIF. He wants memecoins to evolve by focusing on utility and fun crypto games, rather than relying solely on charity donations.

March 29, 2024
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