Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Hedge funds are increasingly investing in memecoins, with reports indicating their attraction to the high returns offered by these meme-based cryptocurrencies. Despite this trend, some industry figures, like a16z CTO, express concerns that memecoins could negatively impact the crypto market's reputation and regulatory environment.
Don't know who needs to hear this but a16z CTO and VCs overall don't like memecoins because they don't have their hands in the deal. It's very simple.
Okay, serious question: What’s the next memecoin to do this? 🤔👇🏼 https://t.co/aMJF6Sbg0J
Memecoins are making people realize nearly all of the “tech” in crypto is a smokescreen designed to sell you a token that does nothing marked up 100x from the private round This is why VC’s don’t like memecoins - it threatens their core business, selling vapor
