Old money's favor for Meme might signal the beginning of the next cycle
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Old money's favor for Meme might signal the beginning of the next cycle
If traditional crypto VCs eventually give in and decide to invest in Memes, this could mark the beginning of the second wave of the Meme cycle.
Navigating Web3 tides with focused insightsAuthor: Layergg
Translation: TechFlow
Memes are becoming the alternative to "VC, CEX, and high FDV" in this crypto cycle. Community-driven + fair launches have captured retail investors' hearts and are beginning to exert influence during actual bidding phases.
This year, large-cap Memes have led performance, maintaining strong returns even during market corrections. Now, Memes have become a mainstream asset class—a fact clearly evident from Robinhood users' holdings.
One point worth noting is that global asset management firms have only just begun entering the cryptocurrency space.
I believe seasoned Wall Street professionals are unlikely to serve as exit liquidity for crypto VCs. Instead, they're more likely to disrupt the status quo—and Memes could become one of their key tools in doing so.
Two prominent examples are Franklin Templeton and VanEck.
a) VanEck's MarketVector recently launched a Meme index.
b) Franklin Templeton has been consistently publishing content about Memes. A notable case is Franklin Templeton’s promotion of $WIF.
Surprisingly, traditional crypto VCs remain slow in embracing Memes. Major Memes like $WIF and $PEPE are absent from top-tier venture capital portfolios. If they eventually relent and decide to invest in Memes, it could mark the beginning of the second wave of the Meme cycle.
Perhaps the upcoming U.S. presidential election will soon force VCs into a difficult decision—whether or not to add Memes to their portfolios.
While it remains uncertain whether Trump or Biden will win, every related event appears to boost Meme enthusiasm.
Above all, retail investors are disillusioned with "low circulating supply, high market cap" projects. VCs advocate for "serious/fundamentals!", yet the market response remains lukewarm. In this environment, hedge funds and market makers face pressure to generate returns within set timeframes.
"Is the Meme era over?"
Today, Roaring Kitty—the figure famously associated with $GME—posted for the first time in three years. His return may well signal the start of the second wave of the Meme cycle.
Do not underestimate his influence.
From a technical analysis perspective, most major Memes are still in a retesting phase. Some significant Memes (such as $PEPE and $WIF) are poised to enter the top 20 very soon.
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