A group of artists in the cryptocurrency space, led by @nicedayJules, is expressing frustration over the prevalence of 'shitcoins' and 'degening' addiction, which they believe is harming the art community. They are rallying around a new cryptocurrency called $VERY, which aims to support artists and combat these negative trends. Prominent figures in the community, including @BillyMcSmithers and @davidhenrynobo1, are advocating for this movement and encouraging others to join. The initiative has gained traction, with artists sharing their work and Solana addresses to receive support. The movement includes performance art and the concept of giving free money, inspired by @DeeZe.