Odaily Planet Daily News Su Zhu stated in a post on X: “In this cycle, relative valuation is more effective in MEME coins than in VC coins, because holders of MEME coins will sell Holdings and buy other MEME coins.”
However, even if one L2 is cheaper than another, those who sell the more expensive L2 will not buy the cheaper L2, they simply sell it for dollars.
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Su Zhu: The current cycle's relative valuation is more effective in memes than in VC coins
Odaily Planet Daily News Su Zhu stated in a post on X: “In this cycle, relative valuation is more effective in MEME coins than in VC coins, because holders of MEME coins will sell Holdings and buy other MEME coins.” However, even if one L2 is cheaper than another, those who sell the more expensive L2 will not buy the cheaper L2, they simply sell it for dollars.