Meme Coins Are In An 'Unregulated Untouchable Position,' Trader Notes Main Reason For 'Massive Trading'

Heavily followed crypto trader Jack Sparrow recently articulated what, in his opinion, makes meme coins so alluring.

According to the Bitcoin influencer, who boasts over 250,000 followers on X, it’s all about the lack of regulation and restrictions.

“Memecoins are one of the final frontiers that are somewhat in an unregulated untouchable position,” he wrote on Sept. 1.

See below.