Nyan Cat Creator Calls Meme Coins 'Wild West', Claims $700K in Fees—But Denies Endorsement

Key Points

1. Chris Torres has claimed more than $700,000 in fees from the Bags token launchpad, with a Nyan Cat token reaching a $12 million market cap.

2. Torres views meme coins as the 'wild west' and remains cautious, unsure of who to trust in the space.

3. He has redeemed nearly 4,000 SOL (worth over $706,000) from meme coin royalties but is focused on his long-standing art career.

4. Torres sold a one-of-one Nyan Cat NFT for 300 ETH ($690,000) in 2021 and helped other meme creators sell their NFTs for significant sums.

5. He believes NFTs are a better fit for art, as they allow focus on the work itself, while meme coins are more volatile and speculative.