Steve Chen, renowned as a co-founder of YouTube, has recently gained attention for endorsing Pajamas (PAJAMAS), a memecoin built on the Solana blockchain. Inspired by his beloved cat, this move signifies Chen's entry into the cryptocurrency world, transitioning from video technology to crypto assets.

According to the TOBTC trading platform, Chen supports Pajamas, a memecoin with nostalgic undertones. Since its mid-March launch, Pajamas has rapidly achieved a market valuation of $20 million, inspired by one of YouTube's earliest cat videos featuring Chen's cat Pajamas from 2005.

Community Involvement and Endorsement

Initially hesitant to engage with Pajamas or Solana, Chen was eventually persuaded by their community engagement and unique story. His endorsement reflects the growing trend of tech figures embracing cryptocurrency innovations.

Nostalgic Origins

Pajamas was inspired by a nearly two-decade-old video of Chen's cat dancing to Nick Drake's songs. Although Pajamas passed away shortly after, the project honors her legacy. "This is my cat Pajamas dancing and playing to Nick Drake's tune," Chen wrote in the video's description.

Chen's Dedication to Crypto

Chen devotes 80-100 hours each week to support the Pajamas project, having entered the crypto space after receiving numerous tags about the memecoin on X (formerly Twitter). He highlighted the industry's trust issues and the need for vigilance. "Every day on Telegram, at least 25+ new people try to steal my money," he noted.

Conclusion

Steve Chen's endorsement of the Pajamas memecoin marks his entry into the cryptocurrency market, promoting blockchain technology. As Pajamas continues to rise, Chen's support may boost its adoption and popularity in the competitive crypto landscape.