Cat-themed memecoins emerge as favorite betting risk with 40% increase in one week

“Memecoins are experiencing a surge largely due to the anticipation of more liquidity following the recent 0.5% interest rate cut by the Federal Reserve,” said Alex Andryunin, founder of Gotbit Hedge Fund, known for backing memecoins , in a message to CoinDesk. “Market expectations. because lower rates have converged and with the prospect of more liquidity flowing into the financial system, investors are adopting an optimistic sentiment.”