Hougan Compares Multi-Billion Dollar Tokens to Low-Cap Memecoins

Matt Hougan, CIO of Bitwise Invest and co-founder of FutureProof, has made a surprising comparison between select onchain businesses and low-cap memecoins.

In an interview, Hougan backed up the view that certain tokens are running like multi-billion dollar onchain businesses, despite their fundamentals and momentum aligning with those of Bitcoin and TAO.

Hougan's statement highlights a growing trend in the crypto market where select assets are behaving more like established companies than small-time players.