YouTube co-founder Steve Chen has backed a memecoin project using his cat, Pajamas — one of the first to appear on YouTube in 2005.
A cat video filmed 20 years ago by former YouTube chief technology officer Steve Chen is now the basis for a memecoin with a market capitalization of more than $20 million.
Steve Chen, co-founder and former chief technology officer of video-sharing platform YouTube, has been supporting a memecoin project based on one of the first cat videos uploaded to the website in 2005. Speaking to Cointelegraph from Taiwan on May 27, Chen, who has an estimated net worth of more than $1 billion, said he had been devoting 80 to 100 hours a week to backing the memecoin Pajamas . Based on Chen’s “first-ever cat video uploaded to YouTube” in 2005, the project is available on the Solana blockchain.Chen told Cointelegraph that he wasn’t initially involved in the memecoin when the project first launched, but roughly a hundred users tagged him on X, prompting him to buy the token.
“Whenever I want to meet someone important or influential in the Web3 world, there is at least one person that warns me never to meet or talk to this person,” said Chen. “Every day on Telegram, there are at least 25+ new people trying to find a way to steal my money.”threatened legal actions against BitForex
Launched in March, Pajamas had a market capitalization of more than $20 million and was trading at a price of roughly $0.02 at the time of publication.Bots, airdrops push Ronin to No.2 blockchain for daily users — Not Pixels fans
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