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On today's issue:
Memecoin listings
Gary OUT
Native L2s
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Main CEX's have decided to list more memecoins as part of their strategy to increase volumes, and thus revenues. And it has had remarkable price increases in these tokens, for example:
PNUT, it's market cap was around $128 million ahead of the Binance listing announcement, and has since jumped 10 times, achieving a market cap of $1.3 billion on November 13
PEPE, surged 96.6% in the 7d following the Coinbase listing
There are also much, much more. Keep them coming
Memecoins are the only cases where buying at listing drives price forward. An analysis of the listing impact on normal tokens is this:
The archnemesis of crypto, behind the lawsuits of our beloved ones like Uniswap Labs, is now hinting at an early resignation before the new chair comes in as trump gets elected.
During Devcon, one of the spiciest takes was Martin Koeppelmann of Gnosis, stating that: "Native rollups is the most important economic zone in the world.” and "I have the highest respect for Jesse [Pollack] and Coinbase," he remarked, "but bringing people to those L2 ecosystems is quite different from being on Ethereum."
In short, Ethereum is at a crossroads, and it needs to create native rollups if it wants to win as the main base layer for crypto.
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Disclosure: All content published is for informational purposes only, and does not constitute any sort of financial advice.
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