Su Zhu: If Musk owns American TikTok, the Memecoin super cycle is just around the corner

Su Zhu stated in a post on X: "If Musk owns the American TikTok, then the Memecoin super cycle is actually real."

Earlier news from Bloomberg quoted insiders as saying that China is considering a potential option. If the short video sharing platform TikTok fails to overturn the "sell or ban" order, it will sell its business to Musk.

TikTok and its Chinese parent company ByteDance previously filed a lawsuit seeking to prevent a bill signed by President Biden. The bill requires ByteDance to sell TikTok's US assets before the 19th of this month, otherwise it will face a ban. The U.S. Supreme Court held a hearing recently and has not yet made any decisions.