Su Zhu: Relative valuation in the current cycle is more effective in Meme coins than VC coins

Odaily News Su Zhu wrote in X: “Relative valuation is more effective in Meme coins than in VC coins in this cycle, because people who own Meme coins will sell their holdings and buy other Meme coins. However, even if one L2 is cheaper than another, people who sell the more expensive L2 will not buy the cheaper L2, they just sell it for US dollars.”