The vampire market actually started with the listing of Circle.
SOL micro-strategy Sol Strategies and DeFi Development both fell over 19% and 34% this week, respectively.
Previously regarded as the hope for Ethereum, the ETH micro-strategy fell nearly 60% this week. Yesterday's listing of Circle directly accelerated this phenomenon.
It's hard to imagine the top-tier Pump fun, community public offerings, and token issuance in the crypto space two weeks from now.