Odaily Daily News reported that Andrew Kang, co-founder of Mechanism Capital, wrote on the X platform that there is no doubt that Frogs are the dominant animals in the current cycle. In the previous cycle, the wealth effect flowed from L1 to DeFi tokens in the ecosystem. The logic of this cycle is the same, with ecosystem tokens being other prominent frog coins, including Pepecoin (OG Pepe coin) and Apu Apustaja (equivalent to Shib in Pepe coin).
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Odaily Daily News reported that Andrew Kang, co-founder of Mechanism Capital, wrote on the X platform that there is no doubt that Frogs are the dominant animals in the current cycle. In the previous cycle, the wealth effect flowed from L1 to DeFi tokens in the ecosystem. The logic of this cycle is the same, with ecosystem tokens being other prominent frog coins, including Pepecoin (OG Pepe coin) and Apu Apustaja (equivalent to Shib in Pepe coin).