The recent ETH rally has not significantly impacted the prices of meme coins like FARTCOIN and USELESS. Nevertheless, major holders continue to accumulate these tokens.
Impact of ETH Growth on Meme Coins
The recent ETH rally did not lead to a noticeable increase in meme coin prices. There is a declining correlation between the value of meme coins and significant tokens like ETH, indicating limited liquidity influence as observed in market studies.
Accumulation of Meme Coins by Major Holders
Major holders, including influential players on platforms like Twitter, continue to acquire tokens such as FARTCOIN. Discussions within the crypto community suggest that accumulation remains at a speculative interest level without significant institutional support.
Analysis of the Meme Coin Market
The lack of correlation between ETH's rise and meme coins like FARTCOIN implies an isolated phenomenon primarily influenced by community activity. Historical trends confirm that meme coins are critically responsive to market movements without institutional inflows.
Thus, ongoing interest in meme coins is likely to be driven by community dynamics rather than institutional backing. Meme tokens remain outside major regulatory discussions, showcasing their decentralized and community-powered nature.
