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⚡️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

⚡️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

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