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TechFlow reported on February 17 that Haseeb Qureshi, managing partner at Dragonfly, said on social media platform X that the current low volatility in the meme coin market may only be temporary. He believes that once macroeconomic conditions improve, the meme coin trading cycle will become active again.
However, Haseeb also pointed out that the meme coin market has now entered a later stage, and market participants appear to be showing signs of fatigue.
Dragonfly Managing Partner Haseeb Qureshi posted on social media X stating that the current low volatility in the meme coin market may only be a temporary phenomenon. He believes that once macroeconomic conditions improve, the meme coin trading cycle will become active again. However, Haseeb also pointed out that the meme coin market has now entered a later stage, and market participants appear to be showing signs of fatigue.
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