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Zhu Su: Relative valuation in this cycle is more effective in MEME coins than in VC coins
2024-11-05 10:27
BlockBeats News, November 5th: Former Founding Partner of Three Arrows Capital Zhu Su stated in a post that "Relative valuation is more effective in MEME coins than in VC coins in this market cycle, as holders of MEME coins usually sell one to buy another.
Even if one L2 project is cheaper than another, those selling the more expensive L2 project will not buy the cheaper one; they will simply convert their funds to USD."
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2024-11-05
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