“Memecoins are experiencing a surge largely because of the anticipation of elevated liquidity following the Federal Reserve’s current 0.5% rate of interest lower,” Alex Andryunin, founding father of Gotbit Hedge Fund, identified for backing memecoinds, stated in a message to CoinDesk. “Market expectations for decrease charges have converged, and with the prospect of extra liquidity getting into the monetary system, buyers are adopting a bullish sentiment.”
