Top Trader Issues Warning on Memecoins, Says Trade Idea Already ‘Consensus’ and Getting Saturated
A veteran trader known for timely crypto calls is issuing a warning over memecoins as he suggests the sector may have reached peaked popularity. Pseudonymous trader The Flow Horse tells his Telegram channel that memecoins may soon fade as another crypto sector ascends. “Let me stress this: nothing in this market – or in life, for that matter – is permanent. Some things stay in the spotlight much longer than others, but the longer something remains in the spotlight, the more people forget that everything outside of it still exists. That overlooked space, which seems dark and empty, is where opportunity lies. And remember, nature abhors a vacuum. Memes are an amazing momentum trade, but let’s be clear – they are absolutely a consensus trade now.” Meanwhile, the trader says real-world asset (RWA) project Ondo Finance (ONDO) may start attracting interest from market participants looking for projects other than memecoins. “In reference to my Twitter post, I think OND