THE REAL "NEXT L1 TRADE": MEMECOIN SUPERCYCLE

Summary from the TLDR Crypto newsletter

This thread lays out a thesis for memecoins being the next big trade, mirroring the L1 trade of last cycle. Memecoins have parallels to L1s. L1s' proliferation led to a few winners and many losers. The L1s that won mostly did so by winning the attention game. Memes are similar, except that they are more of a pure attention play.