Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Mechanism Capital Lianchuang: Meme currency has become the focus of global speculative liquidity
2024-03-02 02:33
Odaily News Mechanism Capital co-founder Andrew Kang posted on the X platform that Meme coins have become the focus of global speculative liquidity. Compared with traditional equity, Meme coins are now more accessible to global users. This is why Dogecoin’s rise is higher than Gamestop’s stock price rise. The total market value of Meme coins in the last cycle reached 100 billion U.S. dollars. The market value at the peak of each cycle usually increases multiple times. In addition to retail investors, HWN traders and hedge funds are gradually entering the market. There is still a long way to go in the future. Walk.