Cryptoast

🔴Turkey liquidated 120 tons of gold, worth nearly $20 billion, in just three weeks to defend its currency (the Turkish lira).
Erdogan sold 70 tons last week, burning through 6 years of accumulated gold reserves.
In 5 years, the Turkish currency has lost more than 80% against the euro.

🔴 No one wants to buy memecoins anymore, and the trenches are empty, as evidenced by the volumes on DEXes on Solana.
Meanwhile, shovel sellers (the creators of memecoins) continue to create many new tokens.