Hoskinson criticizes Solana: Memecoins as a speculation bubble that makes small investors go blind

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Cardano founder Hoskinson criticizes Solana's Memecoin market: A look at the developments in the crypto world

Charles Hoskinson, the founder of Cardano, recently sharply criticized the Solana Memecoin market and pointed out the potential risks for small investors. In his opinion, the operators of such projects use fast profit opportunities from which insiders primarily benefit, while many small investors remain with losses. This assessment comes at a time when the Solana Memecoin market has shrunk significantly, since even risk-loving investors are increasingly careful due to global recession concerns.

According to Hoskinson, the Solana Memecoin sector experienced a dramatic decline in 2025, with a loss of market value of over 85 %. Five prominent Solana-based projects-Official Trump (Trump), Bonk (Bonk), Fartcoin (Fartcoin), Dogwifhat (WIF) and Pengu (Pengu)-experienced an increase in their values ​​before the speculation bubble burst.

Hoskinson sees Memecoins as speculation

In an interview with Markt analyst Scott Melker, Hoskinson explained that Memecoins follow a cyclical life cycle that resembles the short-term internet trends. It is estimated that 99 % of Memecoins do not develop sustainable value and fail during their lifespan. The frame for Memecoins initially favored investors, so that they benefit from heating the prices before they sell their coins and thus impovern later buyers.

Hoskinson pointed out that Memecoins do not bring new capital into the cryptoma market, but only lay out existing money between investors. It compares this process with water that is moved from one end of one tub to the other, the drains are open to serve token manufacturers. This dynamic has produced similar patterns as earlier speculative events in the cryptocelt, including initial coin offerings (ICOS) and NFTS, in which insiders made considerable profits at the expense of many small investors.

Solana memoins experience drastic decline

Hoskinson's comments came at a time when the Solana Memecoin market experienced a massive decline. The total value of the five Solana Memecoins mentioned fell $ 85.5 %of an annual high of $ 81.83 billion.

In addition, the number of new memoins, which was introduced via the Solana pump platform, has dropped dramatically. The top number of new tokens, which was introduced on January 23, was 71,738 and fell to around 9,000 by April 1. This decline reflects a general decrease in speculative bets in this sector.

Uncertainty on the global financial markets has caused investors to shift their funds from volatile memoins to more stable, yield.

Hoskinson's analysis offers a realistic perspective on the ongoing discussion about the purpose of memoins in the cryptosystem. While some users regard memoins as a means of creating consumption, many others consider these assets to be fleeting investment opportunities. The future of the memoins traded on Solana therefore remains uncertain because the market shows indications of difficulties.