Kyle Davies on meme coins vs utility tokens
From From $3B Collapse to Meme Coin Kings: Zhu Su & Kyle Davies · · Handsome Finance
“I think that in a way the mem coins are better at teaching that than utility tokens because me meme coins yes uh you know when the coin is out of favor and thises you know doesn't matter it it dies instantly yeah right so that's kind of it's almost cool in a way because it it like you know so like one thing I've noticed about the young Zoomers who trade newco a lot is that they move on from trades absurdly fast yeah right and so they don't get married to their bag in that sense they're they're like okay I have this hold this and and they're better at risk management in that sense too because they're like okay I can Max put X percentage of in any one coin because I know that there's like a 90% chance it goes to zero whereas in the past it was like uh you know when you buy an allcoin you don't think there's any percent chance it goes to zero like actual zero this this new generation is very familiar with zero it's like inst familiar so that's cool in a way”
On , Kyle Davies, Cofounder at Three Arrows Capital, spoke about meme coins vs utility tokens 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.