Bitwise CEO Hunter Horsley wrote on X: "Meme coins will be around for a long time. They are not bitcoins. So what are they? As an analogy, what is a signature baseball? What is your favourite band's merchandise? What is your" Harvard "brand hat? What are limited edition gold coins? They are cultural collectibles. In the case of Meme: they are tokenized, creating a liquid global market. It's not bitcoin or crypto, it's something else. And it's here to stay. "