
Galaxy Digital CEO Michael Novogratz reaffirms his support for memecoins, calling them a 'cornerstone' of the cryptocurrency industry. Novogratz praises the unique narratives of memecoins and emphasizes their importance in portfolios. Memecoins are gaining attention for their potential high returns, with strategies like sniping bots being highlighted for significant profits. Celebrities, including Lil Pump, Waka Flocka, and Soulja Boy, are showing interest in Solana meme coins, leading to a surge in trading volume and hype. The trend of celebrities engaging in memecoin activities on Solana has sparked discussions about the platform's involvement and potential outcomes.

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The reality is that Solana and its influencers will continue to welcome celebrities who’s only goal is to sell their coins to you for profit because Solana has already created a culture where a “community takeover” of a coin is both normal and acceptable after devs hard rug