TechFlow reports, citing Cointelegraph, that Alon Cohen, co-founder of Pump.fun, said most tech-based altcoins share similar value propositions with meme coins, but feature characteristics such as low circulating supply and high fully diluted valuations, often involving venture capital participation—VCs that frequently use retail investors as exit liquidity.
Cohen pointed out that due to heavy losses suffered by retail investors during the last bull market, they are now reluctant to reinvest in so-called "financial future" projects. "The average working person doesn't care about technology," he said. "They care more about personal satisfaction and want to have fun while making modest gains from trading."
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