1.0Coin Engineerhttps://coinengineer.net/blogTanju Akbıyıkhttps://coinengineer.net/blog/author/cetanju/rich600338<blockquote class="wp-embedded-content" data-secret="pWTk61uBIc"><a href="https://coinengineer.net/blog/memecoin-debate-heats-up/">Memecoin Debate Heats Up as Solana-Based Tokens Face Declining Volumes and Investor Losses</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://coinengineer.net/blog/memecoin-debate-heats-up/embed/#?secret=pWTk61uBIc" width="600" height="338" title="“Memecoin Debate Heats Up as Solana-Based Tokens Face Declining Volumes and Investor Losses” — Coin Engineer" data-secret="pWTk61uBIc" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://coinengineer.net/blog/wp-includes/js/wp-embed.min.js </script> https://coinengineer.net/blog/wp-content/uploads/2023/12/6-2.jpg917524Particularly as Solana-based memecoin trading volumes have dropped and new data shows most pump.fun traders are losing money, memecoin critics have been more vociferous this week. In an Aug. 19 email, Messari data engineer Mike Kremer joined the criticism by characterizing memecoins as the “most extractive crypto phenomenon” since the 2017 ICO explosion. Unlike other