Su Zhu: If Musk owns TikTok in the U.S., the Memecoin super cycle is just around the corner

ChainCatcher news, according to Su Zhu's post on X: "If Musk owns TikTok in the U.S., then the Memecoin supercycle is actually real."

Previous news, Bloomberg cited sources reporting that China is considering a potential option to sell the business to Musk if the short video sharing platform TikTok fails to overturn the "sell or be banned" order.

TikTok and its Chinese parent company ByteDance previously filed a lawsuit seeking to block a bill signed by President Biden, which requires ByteDance to sell TikTok's U.S. assets by the 19th of this month, or face a ban. The U.S. Supreme Court recently held a hearing, and no decision has been made yet.