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Balaji Srinivasan, former Chief Technology Officer of Coinbase, has recently expressed strong criticism of meme coins, arguing that they are inherently zero-sum games, or even negative-sum games due to platform fees. He points out that meme coins do not create real wealth, and their prices typically crash after an initial surge, ultimately resulting in the last buyers losing their entire investment. He likens meme coins to gambling, advising investors to only invest money they can afford to lose and that ordinary users should focus on purchasing assets that hold long-term value. He acknowledges that some meme coin projects attempt to maintain their value by developing use cases, sustaining hype, or building community, but notes that rapid appreciation in a highly politicized environment poses significant risks. Balaji's views have sparked debate, with many questioning whether Bitcoin was also initially considered a meme coin. He emphasizes that Bitcoin's use cases and decade-long persistence fundamentally differentiate it from meme coins. The recent emergence of the official Donald Trump meme coin has attracted significant market liquidity, causing other meme coin prices to decline, further validating Balaji's concerns.