Andrew Kang: Meme coins are not a zero-sum game, but a new asset class

Andrew Kang, co-founder of Mechanism Capital, wrote on X platform that "Many people compare meme coins to lottery tickets, but meme coins are assets, and the market size may be 100 times larger than the gambling industry. Some people see meme coins as a zero-sum game, which is not correct. The market will continue to create higher highs and higher lows in various cycles, and the total market value of meme coins will increase in the next decade. This is the emergence of a new asset class."