"In this cycle, relative valuations are more effective in Meme coins than in VC coins, because people who own Meme coins will sell their positions and buy other Meme coins," Su Zhu wrote on XX.
However, even if one L2 is cheaper than the other, people who sell the more expensive L2 don't buy the cheaper L2, they just sell it for dollars. "
Su Zhu: The current cycle relative valuation is more effective in Meme than VC
2024-11-05 02:30:16
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