Helius Labs Solana CEO defends criticism on Frenzy Meme Coin

Solana Blockchain was shot, as critics described it as a multiplication ground for speculative assets.

However, the CEO of Helius Labs Mert Mumtaz argues that the series is not fairly blamed in the directions in all networks.

Mimi Quinn scourge

The last boom in Solana has been greatly fuel in the activity by Meme currencies, including US President Donald Trump and his wife, Melania, the official Trump (Trump) and Miliana Mimi (Melania).

However, after bad experiments with some of these symbols, retail traders were filtered after pumps and dumps that caused internal circulation, some critics have Named Solana “The worst thing happens” for the space of digital assets.

A few days ago, Crypto Trader Hayden Davis Libra, a modified currency by President Javier Milei from Argentina, launched its burns, which pushed the maximum of the market $ 4 billion.

However, Miley later declined his support, causing the value of Mimi to decrease by 90 %, and lost a lot of money. The data on the series revealed that the families of Genio were huge profits, as Davis admitted in an interview that he was sitting on more than $ 100 million from the launch of the scale.

The situation was worse when some observers were accused Platforms like JuPITER and Meteora, which was built on Solana, of collusion in the scale chart. These allegations caused the co -founder of Meteora Ben Chow, as an independent company has contracted a third party to investigate the claims.

Mert Mumtaz responds to critics

Such incidents have transformed general feelings against Solana, which prompted Momazz to influence the debate, accusing critics of connecting the entire ecosystem to the series because of the actions of a few bad actors.

He added: “Thousands of honest builders have been entrusted with the actions of a few sticks, and Mumtaz wrote on X.” Criminals will be punished, and the builders will continue to build. “

In another mailThere is a highlight of the challenges of a central network management like Solana, where there are much larger pieces of the builders:

“In every industry, the number of creators is more valuable by value extracts.”

The software developer rejected allegations that Solana is just a “Mimi Casino”, which highlights many applications, including the decentralized GPU show, secret payments, symbolic real estate, as well as governance on the chain as some of the main innovations on Blockchain.

He said: “This does not interest loudly on Twitter like metal currencies, but they are present.”

Criticism is not unique to Solana. During the 2017 ICO boom, ETHEREUM faced a similar violent reaction after it appeared that at least 80 % of ICOS during that period was fraud, with the largest Bitconnect, Aleppo $ 2.6 billion in investors.