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YZi Labs person in charge: funds are flowing back from Meme to altcoins, and Meme coins have no fundamentals and cannot be maintained.
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3 hours ago 1,676
On March 15, YZiLabs (formerly Binance Labs) head Ella Zhang said in an interview with BeInCrypto that while community-driven narratives provide investors with a fairer entry point, they have lost momentum over time due to weak fundamentals. Ella Zhang said: Starting from the end of the first quarter, interest in venture-backed tokens began to decline, while the popularity of Meme coins soared, leading to the so-called Meme coins frenzy; Pump.fun and similar platforms are reshaping early altcoin investments to make them more accessible, transparent and community-driven. These platforms focus primarily on Meme coins, experimental tokens and community-driven projects, making it easier for anyone to launch and participate in new crypto assets. However, in recent months, this trend has begun to reverse. Although Meme coins are easy to obtain, its brief popularity has prompted traders to return to venture-backed altcoins. This trend is now slowing, according to CoinMarketCap. The ratio of Meme currency market value to non-Meme altcoins market value has been declining, indicating that funds are gradually flowing back to non-Meme currency. For any asset, to have lasting/growing value, it [requires] one or more basic services, businesses, products, technologies or new innovations to drive prices up. Without fundamentals, value cannot be maintained. Ella Zhang said.
Keywords: Bitcoin
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