Analyst: Meme token gains driven mainly by Asian traders

Golden Finance reported that Rennick Palley, founding partner of crypto fund Stratos, said: The popularity of Meme tokens is mainly due to Asian traders entering the market again, and the price of most Meme tokens rises most significantly during Asian trading hours (midnight in the United States time). This is a fallout from the ETH ETF craze and U.S. regulators moving to be more supportive of cryptocurrencies.