According to TechFlow, on October 5, Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, posted on a social platform that Murad’s speech at Token2049 seemed to catalyze a new wave of capital reallocation to Meme coins.

As one of the beneficiaries, POPCAT is currently in the price discovery stage. Kang believes that POPCAT is expected to join BONK, WIF, PEPE and FLOKI to become one of the top five meme coins in this bull market.