BCA Research: It is estimated that $6 billion in crypto liquidity has been lost from the ecosystem due to Meme coins

When Trump launched his own Meme coin on the eve of his inauguration, some people thought that the violent price fluctuations opened the door for imitators. Juan Correa, deputy strategist at BCA Research, estimates that currently $6 billion in crypto liquidity has been lost from the ecosystem due to Meme coins. He explained: "Investors might be a bit worried about issuing Meme coins because there are regulatory risks and risks of being sued. But now that even the President of United States has done it, it seems feasible. However, Meme coins have diverted attention away from more fundamental crypto assets and profits made from these transactions rarely flow back into the crypto field. They are not used to develop innovative products that can help solve real-world problems - which is exactly what everyone believes cryptocurrencies and blockchain can do."