Prominent Investor Sells 5 Altcoins to Concentrate on Meme Coins With Hypothetical 100X Returns

A renowned cryptocurrency trader, known as Crypto Beast, has sold off five altcoins - Celestia (TIA), Ondo (ONDO), Ethena (ENA), Quant (QNT), and Pyth Network (PYTH) - to focus on meme coins with a potential for 100x returns. This decision has caused mixed reactions within the crypto community. Despite Bitcoin's current dominance, some expect an 'altseason' led by low-cap tokens like HNT and ONDO.

Crypto Beast believes the sold altcoins may have utility but questions its necessity in the crypto space. The trader’s shift to meme coins has sparked debates, especially considering the reduced hype around these tokens. The sector, which had a market cap of over $120 billion last year, now stands at less than $60 billion.