MEME MARKETS ARE DYING

Summary from the TLDR Crypto newsletter

Meme markets are suffering from a lack of external capital flows. The industry had previously been propped up by new capital entering the market and being captured by snipers and bots, though, without inflows, the average speculator is slowly bled out by 1-3% fees. Though the market can turn around if there's another massive Dogecoin or Dogwifhat moment, some are concerned that prediction markets provide a cleaner, more transparent form of onchain speculation that could indicate the beginning of the end of memecoin speculation.