“Memecoins are experiencing a surge largely as a result of anticipation of elevated liquidity following the Federal Reserve’s latest 0.5% rate of interest minimize,” Alex Andryunin, founding father of Gotbit Hedge Fund, identified for backing memecoinds, stated in a message to CoinDesk. “Market expectations for lower rates have converged, and with the prospect of more liquidity entering the financial system, investors are adopting a bullish sentiment.”
