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Dumping on retail becoming a less viable strategy and VCs know it? 👀 Current emerging trend: peeps more interested in meme coins because they’re tired of the usual low float/ high FDV VC backed projects that use retail as exit liquidity. https://t.co/wF1bICBLRU
Stoic Strength: Memecoins and Their Role in Portfolio Construction "Memecoin dominance" has been topical YTD, with premiums accruing to both new (WIF, PEPE, MOG and POPCAT to be coined herein as the "Big Four") and old (retention of value via DOGE and SHIB, return of 2021-borne… https://t.co/bvUPiFL3Eg
Stoic Strength: Memecoins and their role in portfolio composition "Memecoin dominance" has been topical YTD, with premiums accruing to both new (WIF, PEPE, MOG and POPCAT to be coined herein as the "Big Four") and old (retention of value via DOGE and SHIB, return of 2021-borne…
In 2024, financial populism has emerged as a dominant theme in the cryptocurrency market. The trend began in mid-2023 with the success of select meme coins such as PEPE, BONK, and WIF, and has continued into 2024 with airdrop farming becoming the new focus. Memecoins, particularly the 'Big Four' (WIF, PEPE, MOG, and POPCAT), have gained significant attention and value, overshadowing traditional VC-backed projects. Notably, Bitcoin (BTC) saw a minimal increase of 0.4%, while Ethereum (ETH) experienced a notable dip. The shift towards memecoins reflects a growing disinterest in low float, high fully diluted valuation (FDV) projects, as retail investors seek alternatives to traditional venture capital strategies. Additionally, older memecoins like DOGE and SHIB have retained their value.
