48 hours later and the situation is more or less the same
- top two most traded memecoins on Coinbase: dogecoin:native & solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
- top two most traded memecoins on Kraken: dogecoin:native & solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
- top two most traded memecoins on Bitvavo: solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk & dogecoin:native
dogecoin:native & solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk continue to go neck-to-neck on the top US and European exchanges in volume and user interest
the only difference?
dogecoin:native is trading at a 70x higher valuation
it's a fluke if this happens once
but when it's been happening consistently for the greater part of 2 years, and now accelerating heading into the new bull run, it's a clear signal of what the market is positioning for
then it's clear that the market is positioning for USELESS as THE memecoin of the cycle when risk on gets turned back on
solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk is the dogecoin:native / $PEPE type runner of this cycle