Head of YZi Labs: Funds are flowing back from Meme to altcoins, and Meme coin has no fundamentals, so it cannot be maintained

BlockBeats News: On March 15th, Ella Zhang, the head of YZi Labs (formerly Binance Labs), stated in an interview with BeInCrypto that while community driven narratives provide investors with a fairer entry point, they have lost momentum over time due to weak fundamentals. Ella Zhang said, "Since the end of the first quarter, interest in venture backed tokens has started to decline, while the popularity of Meme has skyrocketed, leading to the so-called Meme craze; Pump.fun and similar platforms are reshaping early altcoin investments to make them more accessible, transparent, and community driven. These platforms mainly focus on Meme coins, experimental tokens, and community driven projects, making it easier for anyone to launch and participate in new cryptocurrency assets However, in recent months, this trend has begun to reverse. Although Meme coin is easy to obtain, its brief popularity has prompted traders to return to venture backed altcoins. According to CoinMarketCap data, this trend is currently slowing down. The ratio of Meme coin market value to non Meme altcoin market value has been decreasing, indicating that funds are gradually flowing back to non Meme coins. For any asset to have sustained/continuously growing value, it [requires] one or more underlying services, businesses, products, technologies, or new innovations to drive price increases. Without fundamentals, value cannot be maintained Ella Zhang stated.