Meme Coins Become Global Speculative Liquidity Focus, Says Mechanism Capital Co-Founder
DOGE
$0.1
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According to BlockBeats, Mechanism Capital co-founder Andrew Kang stated on March 2nd that meme coins have become the focus of global speculative liquidity. He explained that global users can now easily access meme coins compared to traditional equities, which is why the price increase of #Dogecoin has outperformed Gamestop's stock price increase.
In the previous cycle, the total market value of meme coins reached $100 billion, and the market value peak in each cycle usually experiences multiple growth. Kang noted that not only retail investors but also high net worth (HWN) traders and hedge funds are gradually entering the market, indicating that there is still a long way to go for meme coins in the future.
