“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 lower,” Alex Andryunin, founding father of Gotbit Hedge Fund, recognized for backing memecoinds, mentioned in a message to CoinDesk. “Market expectations for decrease charges have converged, and with the prospect of extra liquidity getting into the monetary system, buyers are adopting a bullish sentiment.”
