Ethereum (ETH) co-founder Vitalik Buterin released a critical view on political meme coins and their impact on investors, stating that they represent an effective bribery vehicle. Buterin argued that these tokens are becoming increasingly dangerous to democracy and only cause short-term excitement.

The co-founder of Ethereum, Vitalik Buterin, has expressed his concerns over the increasing number of political tokens and their potential use as a tool for bribery. In his recent post, Buterin pointed out the possible adverse effects of such tokens particularly when they are linked to powerful politicians.