Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
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For more information: https://www.gate.com/campaigns/1342alpha?pid=X&c=MemeBox&ch=vxDB0fQ5
Golden Finance reported that Rennick Palley, founding partner of the encryption fund Stratos, stated that the popularity of meme tokens is mainly due to the re-entry of Asian traders into the market, with most meme token prices rising significantly during the Asian trading session (midnight US time). This is a subsequent effect of the ETH ETF craze and the US regulatory shift towards greater support for cryptocurrencies.