CoinList CEO: I like Meme coins, Bitcoin is the king of Meme coins

Raghav Gulati, CEO of CoinList, posted on social media saying, "I like Meme coins, but there are a few things to say:

1. If all we're doing is a Meme coin factory, then our valuation is roughly correct, and it's PvP (player vs. player) from here on out.

2. I expect the number of tokens, especially Meme coins, to skyrocket (by an order of magnitude or more than now), but the dispersion of attention also means the dispersion of liquidity.

3. Algorithmic curation of financial content (i.e. Meme coins) means that the surface/distribution of winners will shape attention.

4. Bitcoin is the king of Meme coins."