$USDC
The subject of market interest these days, especially with the wave of meme coins.
Let me clarify the current context of the #MEMEAct discussion:
---
What is meant by #MEMEAct?
The term has started to spread as a hashtag on Crypto Twitter and within trading communities, referring to the organized or sudden movement in the meme coin market (such as PEPE, DOGE, SHIBA, and others).
Some associate this hashtag with attempts by certain entities (whether large whales or new investment funds) to revive meme coins and turn them into a tool to attract massive liquidity from retail investors.
---
Why now? (The analysis behind the scenes)
Recently, we have seen a very rapid rise in meme coins, with some achieving multiple profits within days.
The #MEMEAct may be a tactical move to draw liquidity from strong coins like BTC and ETH temporarily and pump it into memes for quick profits.
Some theories suggest that hedge funds have entered the crypto market after witnessing the enormous profits from PEPE and WIF.
---
Its impact on the market currently:
BTC is indirectly affected: the more momentum there is on meme coins, we might see some temporary pullback in BTC due to the transfer of liquidity.
But it's an opportunity: because after the wave on memes ends, liquidity usually returns to Bitcoin as a safe haven (Flight to Safety).
