$WIF ‼️‼️‼️Bitwise has announced the end of the meme coin boom

Bitwise's Chief Investment Officer Matt Hougan believes that the market is experiencing the end of the meme coin rise. He associates this with a number of factors, including the recent projects MELANIA, LIBRA, as well as the use of meme coins by the North Korean hacker group Lazarus Group for laundering cryptocurrency stolen from the Bybit exchange.

"All of this will kill the sector. Perhaps not today, but within six months," Hougan wrote on X.