TREE NEWS reports: Bankless co-founder David Hoffman said a batch of tokens he called “2017-era bitcoin clones” are heating up again. PRL rose 30% this week to a fully diluted valuation of about $4.2 billion, while QTC gained 300% this month, valuing it at roughly $1.8 billion on a total supply of 21 million tokens, Hoffman said. He noted that such tokens, with a fixed 21 million supply cap, are drawing multi-billion-dollar valuations.
Bankless co-founder flags revival of bitcoin clone tokens PRL, QTC
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AI take
The revival of fixed-supply "bitcoin clone" tokens at multi-billion-dollar valuations is a notable signal about where speculative appetite is rotating, especially since these are being framed as 2017-era relics rather than new narratives. The scale of the moves — QTC's triple-digit monthly gain and PRL's $4.2 billion diluted valuation — suggests capital is chasing scarcity memes rather than fundamentals, which matters for anyone tracking how thin liquidity can amplify moves in low-float assets. Whether this stays a short-lived rotation or broadens into a wider pattern is the open question worth watching.
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