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TechFlow News — On November 5, Zhu Su posted on X, stating, "In this cycle, the relative valuation of memecoins is better than that of VC coins, because people holding memecoins will swap from one coin to another. Even if one L2 is cheaper than another, those selling the more expensive one will never buy the cheaper one—they simply sell into USD."
Zhu Su posted on X, saying, "In this cycle, memecoins have better relative valuations compared to VC coins, because people holding memecoins will swap one coin for another. Even if one L2 is cheaper than another, those selling the more expensive one will never buy the cheaper one—they just sell it for USD."
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