Trader Explains Why Memecoins Are Seeing Massive Trader Interest, Likens Segment to DeFi and NFTs of 2020 Cycle

A closely followed trader is offering his two cents on why he thinks memecoins have exploded in popularity among crypto traders. Pseudonymous analyst Jack Sparrow tells his 251,000 followers on the social media platform X that traders are not sinking capital on memecoins because they believe in their fundamentals or whether meme communities will serve […] source: https://dailyhodl.com/2024/09/03/trader-explains-why-memecoins-are-seeing-massive-trader-interest-likens-segment-to-defi-and-nfts-of-2020-cycle/