According to Odaily, Andrew Kang, the co-founder of Mechanism Capital, has stated that Frogs are undoubtedly the dominant animal in the current cycle. In the previous cycle, the wealth effect flowed from L1 to DeFi tokens within the ecosystem. The logic of this cycle is the same, with ecosystem tokens being the other prominent Frog coins. These include Pepecoin, also known as OG Pepe coin, and Apu Apustaja, which is equivalent to Shib in Pepe coins.
Kang's statement was made on platform X, where he highlighted the significant role of Frogs in the current cycle. He drew parallels between the previous and current cycles, noting that the wealth effect is moving in a similar pattern. In the previous cycle, it flowed from L1 to DeFi tokens within the ecosystem.
In this cycle, Kang pointed out that ecosystem tokens are the other standout Frog coins. He specifically mentioned Pepecoin and Apu Apustaja as examples of these Frog coins. Pepecoin, also known as OG Pepe coin, and Apu Apustaja, which is equivalent to Shib in Pepe coins, are gaining prominence in the current cycle.