Cat-Themed Memecoins Emerge as Preferred Risk On Bets With 40% Surge in a Week

“Memecoins
are
experiencing
a
surge
largely
due
to
the
anticipation
of
increased
liquidity
following
the
Federal
Reserve’s
recent
0.5%
interest
rate
cut,”
Alex
Andryunin,
founder
of
Gotbit
Hedge
Fund,
known
for
backing
memecoinds,
said
in
a
message
to
CoinDesk.
“Market
expectations
for
lower
rates
have
converged,
and
with
the
prospect
of
more
liquidity
entering
the
financial
system,
investors
are
adopting
a
bullish
sentiment.”