BitMEX co-founder Arthur Hayes believes the crypto industry should think twice before writing off all memecoins as “stupid and valueless.”
BitMEX co-founder Arthur Hayes says one should be careful before labeling all memecoins as “stupid,” arguing they can be a net positive for the blockchain networks they’re launched on.
In a March 30 interview with Real Vision CEO Raoul Pal, Hayes argued that memecoins bring value to the crypto sector by way of drumming up attention and then accruing new users and engineers to blockchains.
“The chains that can support this culture are going to be the chains that have value,” Hayes said — adding that Solana and Ethereum stood as the most well-positioned networks to capture the flow of attention from memes.
