The “risk-on” signal is back. You can see it everywhere, but nowhere is it louder than in the resurgence of the meme coin sector. As Bitcoin takes a breather after its recent rallies, capital is aggressively sliding further out on the risk curve, chasing high-beta returns in assets like Dogecoin (DOGE), Pepe (PEPE), and dogwifhat (WIF). We’ve seen this movie before: liquidity cycles from Bitcoin to Ethereum, then to altcoins, and finally to meme assets. It’s the classic signal of a maturing bull run where retail FOMO starts outrunning institutional accumulation. But this cycle feels different. While the appetite for speculative assets is returning, sophisticated investors aren’t just buying “animal coins” blindly. The data points to a growing demand for infrastructure plays that can actually support the insane volume these tokens generate. The bottleneck? Bitcoin itself. It holds the liquidity ($1+ trillion of it), but it lacks the speed to host the vibrant DeFi and meme ecosystems thr