⚡️Interesting Correlation 👇
Most memecoins are in ETH mainnet.
⬇️
Most traded pairs on DEX are Memecoin/ETH pairs.
⬇️
So profit is in $ETH.
⬇️
ETH fees skyrocketing.
⬇️
So less trade and utility due to high tx fees.
⬇️
ETH sold for $
⬇️
ETH sell pressure after #MemeCoinSeason
