Ethena Founder Warns Crypto-Native Capital Can’t Push Meme Coin Valuations Past Prior Peaks
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最新报道：Ethena founder Guy Young cautions that crypto-native capital is driving meme coin valuations to unsustainable levels, nearing previous cycle peaks. He notes the current rally differs from 2021's institutional-led boom, with retail and crypto funds now fueling speculative assets. Young warns this dynamic could lead to sharper corrections when liquidity tightens, as these investors are quicker to exit positions. While acknowledging meme coins' role in attracting new users, he advises caution given their extreme volatility. The comments come as meme coins like Dogecoin and Shiba Inu have seen significant price surges recently.
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