Kalp Studio CEO’s Sharp Satire on the Indian Rupee as a ‘Meme Coin’ Goes Viral, Urging Rethink of Currency Systems Worldwide

April 29, 2025 | New Delhi – In an age where memes often reveal deeper truths than policy papers, Mrityunjaya (Jay) Prajapati, Founder & CEO of Kalp Studio and CTO of Mai Labs, has lit up social media with a satirical yet startlingly accurate post comparing the Indian Rupee to a typical altcoin. Framed as a crypto-style pitch, the post has taken the internet by storm and sparked global debate around fiat currency dynamics.

In a post titled like a startup pitch, Jay outlines the jaw-dropping statistics of the INR in crypto terms:

• 37.4 trillion total supply (as of April 4, 2025)
• No max supply, minted by a single central node (RBI)
• 195,158 crore added in one week alone
• Median supply since 1996: 9.1 trillion
• Top 1% hold most of the value
• Annual devaluation by design: 5–7%
• Still marketed as “safe”

He concludes with a tongue-in-cheek label: “𝗡𝗮𝗺𝗲: ₹upee – Backed by vibes and fiscal deficits.”

A Satire that Cuts Deep

While humorous on the surface, the post highlights the real and growing concerns of inflation, centralization of monetary control, wealth inequality, and public perception of fiat currencies. Prajapati’s ability to simplify a complex monetary critique into a relatable crypto framework has earned praise from both blockchain developers and traditional economists.

Viral Impact

With thousands of reactions and shares within hours, the post has resonated across demographics—from Gen Z retail investors to policymakers. Tech leaders applauded it as “a meme with a master’s degree,” while financial analysts noted how it bridges the gap between economic awareness and public engagement.

Industry Response

“Jay’s post reframes the fiat discussion with uncanny clarity,” said Radhika Sinha, macroeconomic researcher at Emerging Market Watch. “It calls out inflation and monetary expansion in a way that hits harder than a central bank report ever could.”

Call to Awareness, Not Panic

While some critics caution against conflating satire with economic advice, Jay clarified in follow-ups that his goal isn’t to undermine trust in national currencies, but to provoke critical thinking about monetary policy, centralization, and the blind faith often placed in legacy financial systems.

Conclusion

Jay Prajapati’s viral analogy forces us to ask: If the same metrics applied to an altcoin would cause panic, why are they accepted in fiat systems without question? His sharp, creative lens on the Indian Rupee has not only broken the internet—it may have broken the silence on uncomfortable economic truths.

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