Exited 90% of memecoin positions in Ethereum, including PEPE, MOG, KEKIUS (10% left as a souvenir).
1/ ETH has had more than 10 weeks of price gains, but there is NO outstanding onchain trend, especially memecoins. Since Trumpcoin surpassed Pepe in terms of capitalisation at the beginning of the year, it is possible that meme builders understand where the meme game really lies.
2/ Elon Musk has made great efforts to support Kekius, but the volume is weak, it seems that the ETH community is still expecting something related to techcoins, not really ready for memecoins.
3/ The performance of ETH memecoins in July and August every year has always been weak.
4/ The SOL/ETH chart has a rebound momentum and has onchains with a clear trend as well as more active activity. Not even memes, techcoin and AI projects now choose Solana for development.
5/ The ETH Foundation has announced a variety of asset hoarding, turning on the defence mode, and constantly talking about "long-term". So there are no further price increases expected for ETH this year
I still maintain the positions of Dogecoin and Trumpcoin. In addition, more memecoins will be purchased and supported on Solana and BNB Chain.
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