BCA Research: Meme coins cause about $6 billion in liquidity to be lost from the crypto ecosystem

PANews reported on February 24 that according to Businessinsider, Juan Correa, deputy strategist at BCA Research, estimated that $6 billion in crypto liquidity has been lost from the ecosystem due to Meme coins. With the rise of Meme coins, fraud and criminal behavior have also increased, and some industry insiders say they are tired of the endless stream of new tokens and bad actors. However, when Trump launched his own Meme coin on the eve of his inauguration, some people believed that the drastic price fluctuations opened the door to imitators. Investors may have been a little worried about issuing Meme coins because of regulatory risks and the risk of being prosecuted. But now that the US president has done it, it seems to be feasible. However, Meme coins have distracted attention from more basic crypto assets, and the profits from these transactions rarely flow back to the crypto field.

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Author: PA一线

This content is for market information only and is not investment advice.

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