Kyle Davies on meme coin super cycle
From From $3B Collapse to Meme Coin Kings: Zhu Su & Kyle Davies · · Handsome Finance
“I think mcoin super cycle is a good slogan uh I think that uh the mcoin as percentage of overall market share is going to go higher and higher yeah uh because it's a because it's a mixture of nft culture and of utility tokens that were really just meme coins like you know something like a cardono or Ripple it really was just the meme coin uh in in the sense that it gets attention and it gets a story and then through that people buy it you know for different reasons but usually not to actually use the token in the network uh you know I don't know how many people bought cardano as gas for cardano Network right so that's something that I think that uh will continue to the cycle”
On , Kyle Davies, Cofounder at Three Arrows Capital, spoke about meme coin super cycle during From $3B Collapse to Meme Coin Kings: Zhu Su & Kyle Davies on Handsome Finance.
About Kyle Davies
Kyle Davies, co-founder of the bankrupt crypto hedge fund Three Arrows Capital (3AC), has given several interviews in late 2024. In a December 2024 appearance on the Future Money podcast, Davies stated he felt "awesome" about 3AC, describing it as a "10-year fund" with a "pretty wild 10-year period of success." He declined to apologize for the fund's bankruptcy, saying "companies go bankrupt, almost every company goes bankrupt." Davies said he and his co-founder Su Zhu are "still young" and "still think we can add value in various ways," including by telling "the next Three Arrows how to do things better when they go bankrupt." He also commented on the current crypto market, stating he is "very bullish" and that it is giving him "late 2019 / early 2020 vibes." Davies has also discussed his legal situation and current location. He stated he would not return to Singapore "immediately" to face potential jail time, but said "these things resolve at some point — there are settlements." Davies claimed he is in Europe and said he does not see a reason he could not return to the United States, where his family is, but has not done so. He attributed his and Zhu's failure to appear for a court date to their lawyers, saying "maybe we should sack our lawyers for not informing us about the court date." Davies also discussed his involvement in the failed project OpenX, which he described as an adviser role, and a new project called OX.