- Solana co-founder Raj Gokal believes most techs will change IPOs with crypto tokens
- Nonetheless, there isn’t a transparent regulatory framework for such tokens to this point
Solana co-founder Raj Gokal and different high crypto traders and analysts consider the memecoins’ craze will evolve into “tech IPOs.”
In accordance with Gokal, as a substitute of issuing conventional shares throughout an preliminary public providing (IPO), most corporations will go for crypto for token issuance to lift capital and drive person engagement.
Supply: X
From memecoins to tech IPOs?
Apparently, Gokal will not be the one one who subscribes to this projection. Ryan Watkins, co-founder of crypto VC agency Syncracy Capital, echoed an analogous sentiment, terming 2025 as a “dot fun boom.” He said,
“Dotcom boom = Everyone launches a website. Dot fun boom = Everyone launches a token.”
Watkins referred to the viral official Trump memecoin launch and the pro-crypto U.S administration as an Overton window that might usher new experiments and innovation. Particularly SocialFi functions that may be part of the fray.
Specifically, the VC govt cited Vine and Jelly Jelly, that are supposedly socialFi platforms with issued tokens. Watkins added,
“If individuals can launch memecoins, why can’t businesses? This isn’t just a U.S. phenomenon — it’s global. If Vine and Jelly Jelly are any indication, we’re on the verge of an explosion of new “startup” belongings on blockchains, particularly Solana. Some may have utility. Some might be outright scams, as anticipated. However a handful could create lasting societal worth.”
For context, Vine is a defunct short-video platform just like TikTok. Then again, Jelly Jelly is a video chat service reportedly created by Venmo founder Iqram Magdon-Ismail.
Nonetheless, some neighborhood members have alleged manipulation of the mentioned tokens. As an example, Jelly Jelly dropped by practically 80% in lower than 24 hours after its launch. It fell from a $280M market cap to beneath $75M on the charts.
Supply: JellyJelly/USD, TradingView
In addition to, Pump.enjoyable, the memecoin launchpad on Solana, is going through one other class motion lawsuit, in line with Burwick Legislation.
The agency alleges its shoppers suffered losses from Griffain, PNUT, and different memecoins marketed by Pump.enjoyable (operated by Baton Company). The authorized end result and influence on the token issuers stay to be seen.
That being mentioned, except there are clear regulatory tips to navigate the token-driven “tech IPO vision” touted by Gokal, the corporations may face authorized strain.
