Memecoin madness is breaking the Bitcoin halving cycle
Liquidity seems to have skipped a few steps and gone from Bitcoin straight into memecoins amid a “weird” bull market, say observers.
Crypto industry analysts are calling the current Bitcoin halving cycle the “weirdest” bull market on record, following a premature Bitcoin all-time high and a massive rush into memecoins.
On April 1, Chainlink community liaison Zach Rynes aka ‘ChainLinkGod’ said “this bull market has been weird” in a post to his 171,000 followers on X.
Historically, bull runs would see liquidity flow into Bitcoin before moving into Ethereum and other high-capitalization coins and finally moving down the chain.
...