Fashionable YouTube Co-founder Steve Chen is at the moment within the limelight as he revealed his help of the brand new Solana-based meme coin Pajamas (PAJAMAS), impressed by his beloved cat. This transfer marks Chen’s important foray into the cryptocurrency panorama, indicating a shift from his prior emphasis on video know-how to the ever-evolving digital foreign money market.
Chen Helps Solana-based Memecoin Pajamas
In accordance with the TOBTC buying and selling platform, YouTube co-founder Steve Chen is backing Pajamas, a meme coin constructed on the Solana blockchain. This venture which was impressed by considered one of YouTube’s first cat movies from 2005 is at the moment valued at over $20 million since its launch in mid-March.
On condition that the neighborhood acknowledged the nostalgia for bygone instances and the necessity to immortalize them, the token gained reputation as the story of The First YouTube Cat’s creation.
The buying and selling platform then drew consideration to Chen’s submit the place he first revealed his help for the memecoin. Apparently, the meme coin just isn’t the one digital asset at the moment owned by the YouTube co-founder.
By endorsing this meme coin, Chen is selling the broader adoption of Solana’s scalable blockchain infrastructure and utilizing his platform to spice up Pajamas within the cutthroat cryptocurrency market.
This endorsement is anticipated to attract a surge of latest buyers and merchants to Pajamas in addition to the bigger Solana neighborhood, which displays the rising pattern of well-known tech figures adopting cryptocurrency improvements.
TOBTC additionally famous that Chen’s preliminary add of his cat Pajamas served because the inspiration for the Solana-based memecoin. The video, which was first seen almost 20 years in the past, featured the co-founder’s cat dancing to a music by Nick Drake.
“That is my cat, Pajamas, enjoying and dancing to the tune of Nick Drake,” Chen wrote within the video description. Though Pajamas handed away the identical 12 months, the venture nonetheless goals to have a good time the cat.
Chen has disclosed his dedication up to now towards supporting the memecoin venture ever since its launch. He asserted that he had been supporting Pajamas by volunteering about 80-100 hours of his time every week.
Steve Chen’s Path Into The Crypto Area
You will need to observe that Steve Chen turned a supporter of Pajamas and crypto after neighborhood engagement, along with his different tech-related investments and endeavors. He was prompted to spend money on the meme coin after receiving over 100 X (previously Twitter) tags concerning it from customers.
Chen has underscored the dearth of belief he has noticed ever since his involvement within the cryptocurrency trade. In accordance with the co-founder, no less than one individual at all times cautions him towards assembly or conversing with any essential or highly effective determine within the Web3 world whom he needs to satisfy. “Day by day on Telegram, there are no less than 25+ new folks looking for a approach to steal my cash,” he added.
Featured picture from Adobe Inventory, chart from Tradingview.com
