Vitalik Buterin, the creator of Ethereum (ETH), expressed the opinion that cryptocurrencies based on memes are receiving undeservedly large attention and investments. He referred to such assets as "overinvested" and pointed out the problem of a broad understanding of "infrastructure" in the crypto community. According to him, some categories of infrastructure, such as public goods, deserve more attention and investments, while others, such as useless networks, attract too many resources.

Buterin emphasized that the attention of the crypto community and investors should be focused on useful projects, such as fully decentralized cross-chain protocols and services for decentralized domain name creation with verification. He expressed regret that investments in meme cryptocurrencies, such as Shiba Inu (SHIB) and Pepe (PEPE), which have shown significant price growth, distract resources from more significant and useful projects in the crypto industry.

This statement by Buterin was made against the backdrop of the observed rise in popularity and value of meme cryptocurrencies, sparking discussions in the crypto community about the value and contribution of such assets to the development of the crypto ecosystem.