Analysis: Bitcoin and Meme Coins Rise Together, Market Capital Shows "Barbell Strategy" Structure

Odaily News In the past 24 hours, Bitcoin rose over 2%, briefly breaking through $74,300 for the first time since early February. Ethereum gained about 7%, while mainstream tokens like XRP and Solana increased by more than 4%. Meanwhile, the Meme coin sector performed even stronger, with PEPE surging 19%, BONK and PENGU up over 10%, and SHIB's gain also exceeding Ethereum's. Analysis suggests that current market capital exhibits a "Barbell Strategy" structure: on one end, allocating to mainstream assets like Bitcoin, which is seeing increasing institutional adoption, and on the other end, participating in high-risk speculative assets like Meme coins. This model has gradually gained popularity since 2023-2024. (CoinDesk)