Analyst: Meme Token Rise Mainly Driven by Asian Traders
2024-05-29 10:42:08
Rennick Palley, founding partner of crypto fund Stratos, said: The popularity of Meme tokens is mainly due to the re-entry of Asian traders into the market, and most Meme token prices have risen most significantly during Asian trading hours (midnight US time). This is a follow-up to the ETH ETF boom and the shift of US regulators to be more supportive of cryptocurrencies.
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