Are Memecoins Killing Crypto’s Next Bull Run?

Sure.

So stocks are up.

Oil's up.

Gold is up.

Bitcoin's killing it currently around $80,686.

But I think we went above $82 this morning.

And we're up 30% in the last months.

Whether or not it's logical, the, quote, debasement or store of value trade appears to be pretty strong.

And according to Bloomberg's ETF analyst, Eric Balchunas, quote, store of value frenemies GLD and iBit.

GLD is the biggest ETF for gold exposure.

iBit is obviously BlackRock's Bitcoin ETF.

They were number four and number six in volume today, which is pretty rare.

He says it's likely as high as they've ever been as a pair.

And it's looking like that's part of a trend.

In August, Bitcoin ETFs brought in three and a half billion in net flows, which is the highest since September of 2025.

And we're seeing that start to broaden out of the risk curve a little bit from things other than BTC and ETH.

For example, Solana ETFs have had their strongest stretch on record.

Best month in August since November of 2025.

Bitwise's BSOL is leading the pack there.

And there's the same situation for XRP ETFs and other altcoins like LINK.

And I don't know, I think it feels like the stage is being set for a crypto uptrend here as some of the main narratives start to take shape.

like I and Robinhood Chain and much to David's chagrin, the social trading or meme coins, which we'll get into today.

By the way, it's not just my chagrin.

I just listened to the latest episode of The Chopping Block, and we'll get into this later.

But a friend of the show, Haseeb Koresh, is also not a major fan of the social trading meme coin stuff.