Ignas: Meme Coins Face Death Risk as Popularity Wanes

DeFi researcher Ignas posted on platform X that the popularity of Robinhood's meme coins and tokenized stocks is waning, with the total value locked (TVL) in tokenized stocks remaining flat for two consecutive weeks, and the number of stocks destroyed exceeding the issuance volume. If trading volume slows down, declining revenues may weaken holding intentions and increase selling pressure, further contracting liquidity. He has exited related LP positions due to a significant drop in yields, believing that the market needs new catalysts to drive the trend. Ignas pointed out that tokenized stocks on Solana seem to be rising, and the trend of funds shifting from Robinhood to Solana may be more sustainable. He also stated that meme coins belong to a "one-cycle trading" category, and investors should engage in short-term trading rather than long-term holding. WIF was a representative meme coin of the previous cycle but has now significantly declined; once meme coins lose market attention, it often signifies the end of the trend, and FARTCOIN faces a similar situation. DOGE is one of the few exceptions that has crossed two cycles, but it is no longer a strong asset. The short lifecycle of meme coins differs from Bitcoin, which can continuously form new market narratives, reminding investors not to rely on long-term holdings of meme coins like ZCAT and CASHCAT.

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