Prominent tech investor Jason Calacanis has branded meme coins a “giant scam,” stating he has no involvement in such projects and never will. He also warned against private investment solicitations on social media. Calacanis, a self-described Bitcoin fan, has recently expressed skepticism about Bitcoin's relevance and utility, describing its price recovery on September 18 as a "dead cat" bounce and questioning its suitability for everyday transactions and smart contracts.