{"id":13878,"date":"2024-05-28T16:37:59","date_gmt":"2024-05-28T13:37:59","guid":{"rendered":"https:\/\/forklog.com\/en\/youtube-co-founder-backs-meme-coin-inspired-by-platforms-first-cat-video\/"},"modified":"2024-05-28T16:37:59","modified_gmt":"2024-05-28T13:37:59","slug":"youtube-co-founder-backs-meme-coin-inspired-by-platforms-first-cat-video","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/youtube-co-founder-backs-meme-coin-inspired-by-platforms-first-cat-video\/","title":{"rendered":"YouTube Co-Founder Backs Meme Coin Inspired by Platform&#8217;s First Cat Video"},"content":{"rendered":"<p>Steve Chen, co-founder and former CTO of YouTube, has thrown his support behind the meme coin Pajamas Cat (PAJAMAS), which is based on the first cat video uploaded to the platform.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The only thing I own is Pajamas. Hahaha.<\/p>\n<p>\u2026and Solana.<\/p>\n<p>I am having so much fun on Solana! Looking at Sol&#8217;s market cap, it seems like a huge milestone. Congrats! <a href=\"https:\/\/twitter.com\/aeyakovenko?ref_src=twsrc%5Etfw\">@aeyakovenko<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/PAJAMAS?src=hash&#038;ref_src=twsrc%5Etfw\">#PAJAMAS<\/a><\/p>\n<p>\u2014 steve chen (@stevechen) <a href=\"https:\/\/twitter.com\/stevechen\/status\/1768227090191781953?ref_src=twsrc%5Etfw\">March 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a conversation with <a href=\"https:\/\/cointelegraph.com\/news\/youtube-cat-memecoin-steve-chen\">Cointelegraph<\/a>, Chen, whose net worth exceeds $1 billion, stated that he dedicates 80 to 100 working hours per week to the project on the Solana network.<\/p>\n<p>Initially, he was reluctant to delve into meme tokens. However, after being tagged by about a hundred users on X, Chen changed his mind.<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/PvTmxDBxtLs?si=PQw-TRbYhCD5voEE\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This is my cat Pajamas playing and dancing to a Nick Drake tune,&#8221; reads the description of the video uploaded to Chen&#8217;s YouTube channel on May 22, 2005.<\/p>\n<\/blockquote>\n<p>The PAJAMAS coin was launched on the Solana network in March 2024. According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/pajamas-cat\">CoinGecko<\/a>, the coin surged by 37% in the past 24 hours. At the time of writing, the asset&#8217;s market capitalization exceeds $29 million.<\/p>\n<p>The YouTube co-founder added that he has become more engaged in Web3 thanks to the meme token. However, he noted a &#8220;complete lack of trust that everyone feels towards everyone else.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Whenever I want to meet someone important or influential in the Web3 space, there&#8217;s at least one person warning me never to do so. Every day, more than 25 new users appear on Telegram trying to steal my money,&#8221; he added.<\/p>\n<\/blockquote>\n<p>Earlier, ForkLog reported that a long-term investor in Shiba Inu (SHIB) earned over $1 million from the meme coin in three years.<\/p>\n<p>In May, the combined capitalization of meme tokens rose by 8.1%, outpacing the rest of the crypto market. The five largest coins \u2014 DOGE, SHIB, PEPE, WIF, and FLOKI \u2014 accounted for approximately 77% of the total figure of $56.4 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steve Chen, co-founder and former CTO of YouTube, has thrown his support behind the meme coin Pajamas Cat (PAJAMAS), which is based on the first cat video uploaded to the platform. The only thing I own is Pajamas. Hahaha. \u2026and Solana. I am having so much fun on Solana! Looking at Sol&#8217;s market cap, it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,1103],"class_list":["post-13878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-youtube"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=13878"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/13877"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=13878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=13878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=13878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}