a16z Crypto CTO: Memecoins create a negative perception of cryptocurrency among the public and have a destructive impact on the market

ChainCatcher message, a16z Crypto CTO Eddy Lazarrin posted on the X platform stating, "Memecoins have changed the perception of the public, regulators, and entrepreneurs towards cryptocurrency. At best, it looks like a risky casino. Or a series of false promises that cover up the casino. This deeply affects adoption, regulation/law, and the behavior of builders. I see these damages every day. You should see them too."