Odaily Planet Daily News According to Andrew Kang, co-founder of Mechanism Capital, in an article on X platform, there is no doubt that Frogs (青蛙) are the dominant animals in the current cycle. In the previous cycle, the wealth effect flowed from L1 to DeFi tokens in the ecosystem. The logic of this cycle is the same, with ecosystem tokens being other prominent frog coins, including Pepecoin (OG Pepe token) and Apu Apustaja (equivalent to Shib in Pepe tokens).