Analyst warns meme coins are cyclical trades, not long-term holds

DeFi researcher Ignas warns that meme coins are cyclical assets that should not be held long-term. Citing the decline in market attention and performance for tokens like WIF and FARTCOIN, Ignas notes that meme coins lose value once they fall out of favor. While DOGE is an exception that has spanned multiple cycles, the researcher advises investors against forming long-term dependencies on newer meme coins like ZCAT and CASHCAT, contrasting their short lifecycles with Bitcoin's ability to generate ongoing narratives.