Capital Reallocation to Meme Coins Following Token2049 Speech

According to BlockBeats, on October 5, Andrew Kang, co-founder and partner of Mechanism Capital, shared on social media that a speech by @MustStopMurad at Token2049 appears to have catalyzed a new wave of capital reallocation into meme coins. Kang noted that Popcat seems to be one of the beneficiaries of this capital movement and is currently undergoing price discovery. He also mentioned that four major meme coins—BONK, WIF, PEPE, and FLOKI—are preparing to join this cycle.