Golden Finance reported that Rennick Palley, founding partner of the encryption fund Stratos, stated that the popularity of meme tokens is mainly due to the re-entry of Asian traders into the market, with most meme token prices rising significantly during the Asian trading session (midnight US time). This is a subsequent effect of the ETH ETF craze and the US regulatory shift towards greater support for cryptocurrencies.
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Golden Finance reported that Rennick Palley, founding partner of the encryption fund Stratos, stated that the popularity of meme tokens is mainly due to the re-entry of Asian traders into the market, with most meme token prices rising significantly during the Asian trading session (midnight US time). This is a subsequent effect of the ETH ETF craze and the US regulatory shift towards greater support for cryptocurrencies.