“As bitcoin and ether rise, a spillover effect is caused where coins deployed on ethereum and solana also surge – including meme coins,” shared Slater Heil, co-founder and COO of DeFi platform Blueberry Protocol, in a message to CoinDesk.

“Investors will take advantage of bullish conditions as much as possible, and meme coins are one way for them to do so. In the short-mid term, I expect a transition back to ‘fundamentally driven’ altcoins,” Heil cautioned.