Many memecoiners thought retail investors would fall head over heels for memes, but they appear to be more interested in “dino coins” like XRP and TRX.
Memecoins have experienced a blistering run-up in the last year, with many tokens, including the likes of new-cycle entrants Pepe (PEPE), Dogwifhat (WIF) and Popcat (POPCAT) gaining well over 30,000% from their inception.
Many memecoin advocates expected a fresh wave of retail investors to show up and immediately start bidding memecoins to absurd new highs. So far, they appear to be more interested in what crypto-natives colloquially refer to as “dino coins.”
“Dino coins” are older altcoins such as Ripple’s XRP and Tron (TRX), which have recently rallied to new local and all-time highs.
