Is Korea's Upcoming Election Behind the Meme Coin Frenzy? With Markus Thielen

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10x Research founder Markus Thielen joins CoinDesk with his analysis on bitcoin's (BTC) recent price movements and prediction on where the market is heading. Plus, insights on spot bitcoin ETF inflows, driving forces behind the recent meme coin frenzy, and the future of Microstrategy's stock.

10x Research founder Markus Thielen joins CoinDesk with his analysis on bitcoin's recent price movements and prediction on where the market is heading.This meme coin rally started around, you know, February 28th and it almost came out of nowhere. I mean, a lot of people have predicting it, but I think the timing is quite interesting and I think the timing coincides actually with some political developments in Korea and Korea is very well known for the main coin trading.

I want to turn now to meme coins because I opened my eyes this morning and Solana was up above $200 meme coins specifically in the Solana network um have been rallying in recent days. What do you make of this? Why all the attention on the Solana network? And where do you think this is all heading? Yeah, I think of course, you know, Solana has, of course, you know, a big treasury that they can, you know, finance a lot of the, you know, the marketing around it.

 

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