According to Bloomberg, the hedge fund world seems to be starting to pay attention to meme coins. Rennick Palley, founder of Stratos, said in an interview that if the fund does not invest in meme coins, then the staff of the fund will invest. Although many cryptocurrency participants are skeptical of meme coins, professional investors have started to pay attention to meme coins in the latest cryptocurrency boom. Cosmo Jiang, a portfolio manager at Pantera, said that meme coins were obviously a joke at first, but over time they have evolved into more meaning. People have begun to call some meme coins cultural coins, which are memberships into a culture or a group of people with a shared belief system. Meme coins have also become easier to create and issue, with applications like Pump.fun allowing users to mint coins in minutes. Stratos' Palley expects that as more hedge funds begin to take meme coins seriously, the attention to these highly speculative tokens will only increase. He said that people will become more comfortable with the concept over time, just as people have become comfortable with cryptocurrencies as a whole. He would not even be surprised to set up funds that only invest in meme coins.