TechFlow news, on January 20, Balaji Srinivasan, former CTO of Coinbase, posted on X stating that meme coins are essentially zero-sum games (or negative-sum when platform fees are considered), do not generate real wealth, and often result in the last buyers losing their entire investment.
Regarding meme coins, Balaji noted that some projects may indeed achieve lasting value through developing use cases, maintaining momentum, or community building. However, he warned of significant risks associated with rapid appreciation in a highly politicized environment, advising investors to only allocate funds they can afford to lose, and recommending ordinary users to instead purchase assets capable of long-term value preservation.
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