Mechanism Capital Co-founder: Meme coin has become a global speculative liquidity focus
Co-founder of Mechanism Capital, Andrew Kang, stated on the X platform that Meme coins have become a global speculative liquidity focus. Compared to traditional equities, global users now find it easier to access Meme coins. This is why Dogecoin's increase exceeded that of Gamestop's stock price. In the previous cycle, the total market value of Meme coins reached $100 billion. Each peak in market value typically sees multiple growths. Apart from retail investors, HWN traders and hedge funds are gradually entering the market, indicating there is still a long way to go in the future.
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The address associated with the Worldcoin project deposited 14.475 million WLD to an exchange within 24 hours.
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