YouTube Founder Launches Meme Coin PAJAMAS on Solana
CryptoNewsTerminal Staff27 May, 2024
YouTube Founder Launches Meme Coin PAJAMAS on Solana
In an interview with Cointelegraph, YouTube founder and former CTO Steve Chen revealed that he launched a meme coin called PAJAMAS in March 2023. Built on the Solana blockchain, PAJAMAS has garnered a market cap of over $20 million. Chen has been actively involved in the project's development. Despite the lighthearted nature of meme coins, PAJAMAS has practical applications. It can be used for peer-to-peer transactions, staking, and governance participation within the PAJAMAS ecosystem. Chen's involvement adds credibility to the project, suggesting that it's not just a fleeting trend. The Solana network provides PAJAMAS with speed, scalability, and low transaction fees, making it accessible to a wide range of users. As the meme coin market continues to grow, PAJAMAS positions itself as a serious contender with its solid foundation and potential for innovation.
