Crypto speculation at 2024 lows as TradFi leveraged ETFs hit record $239B
Crypto investor demand for memecoins remains at lows not seen since 2024, despite a growing speculative appetite that has boosted TradFi leveraged ETFs to a record $239 billion.
Traditional finance leveraged investment products are at a record high, but the appetite for speculative assets remains muted in the cryptocurrency market.
Speculative appetite is cooling among crypto investors, with memecoin dominance versus altcoins hitting a near two-year low last seen in February 2024, according to crypto data platform CryptoQuant.
“Memecoin markets are dead,” wrote CryptoQuant co-founder and CEO Ki Young Ji in a Thursday X post.
