币姥爷
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March 28, 2025
In addition to wallet launches, Binance is also aggressively listing new coins. Yesterday at 5 AM, four spot trading pairs were launched all at once, which I see as various garbage from the BSC ecosystem. Perhaps realizing this, aside from TUT which had a brief surge, the others basically peaked right after the news came out. Memes are just a game of passing the baton back and forth. Whether the market can rise later if it improves is very difficult to judge. Whether to continue pushing the price depends on whether the main forces have finished unloading their holdings, and whether there will be more foolish buyers willing to take over.
Additionally, the coins recently listed by Binance have had very low market caps after going live, mostly in the tens of millions of dollars. The Kilo that was launched by the wallet yesterday seems to still be backed by Binance, and it does have a product. Although there may not be many users, having a circulation of over 20 million compared to the hundreds of millions in market cap during a bull market at launch, I can only say that investors have learned their lesson. They are all clear that with so many altcoins coming up, buying them basically means providing liquidity for those VCs and project parties to exit. We would rather not make this money than let them succeed.
I don’t know if it’s influenced by Binance’s aggressive listing of coins, but the overall market has started to decline, with Ethereum dropping back to the $1900 mark, and Bitcoin also coming down to this small support level of $85,000. The reason everyone is blaming Binance is that such a dense listing of coins can drain the market’s liquidity and attention. There is also speculation that Binance believes we are about to enter a deep bear market, hence the frenzy of cashing out. In this regard, I don’t think we should panic too much; such baseless speculation is just something to observe. We are already in a bear market, at least in terms of market sentiment and capital activity, it is definitely a bear market. Liquidating positions at this time is quite foolish.
As for Ethereum, it is indeed too weak. The exchange rate has dropped to 0.022, which is a fourfold decrease from the peak, meaning the exchange rate must rise four times to catch up to Bitcoin. Rationally speaking, if one is to allocate assets next, it’s better to include Bitcoin, or BNB, or SOL for a balanced allocation. I remain optimistic about Ethereum’s future, but due to the lack of innovative projects launching on Ethereum recently, there have been no hot topics, and naturally, there hasn’t been much capital activity. This situation seems likely to continue for a while.
Let’s hold on together.
In addition to wallet launches, Binance is also aggressively listing new coins. Yesterday at 5 AM, four spot trading pairs were launched all at once, which I see as various garbage from the BSC ecosystem. Perhaps realizing this, aside from TUT which had a brief surge, the others basically peaked right after the news came out. Memes are just a game of passing the baton back and forth. Whether the market can rise later if it improves is very difficult to judge. Whether to continue pushing the price depends on whether the main forces have finished unloading their holdings, and whether there will be more foolish buyers willing to take over.
Additionally, the coins recently listed by Binance have had very low market caps after going live, mostly in the tens of millions of dollars. The Kilo that was launched by the wallet yesterday seems to still be backed by Binance, and it does have a product. Although there may not be many users, having a circulation of over 20 million compared to the hundreds of millions in market cap during a bull market at launch, I can only say that investors have learned their lesson. They are all clear that with so many altcoins coming up, buying them basically means providing liquidity for those VCs and project parties to exit. We would rather not make this money than let them succeed.
I don’t know if it’s influenced by Binance’s aggressive listing of coins, but the overall market has started to decline, with Ethereum dropping back to the $1900 mark, and Bitcoin also coming down to this small support level of $85,000. The reason everyone is blaming Binance is that such a dense listing of coins can drain the market’s liquidity and attention. There is also speculation that Binance believes we are about to enter a deep bear market, hence the frenzy of cashing out. In this regard, I don’t think we should panic too much; such baseless speculation is just something to observe. We are already in a bear market, at least in terms of market sentiment and capital activity, it is definitely a bear market. Liquidating positions at this time is quite foolish.
As for Ethereum, it is indeed too weak. The exchange rate has dropped to 0.022, which is a fourfold decrease from the peak, meaning the exchange rate must rise four times to catch up to Bitcoin. Rationally speaking, if one is to allocate assets next, it’s better to include Bitcoin, or BNB, or SOL for a balanced allocation. I remain optimistic about Ethereum’s future, but due to the lack of innovative projects launching on Ethereum recently, there have been no hot topics, and naturally, there hasn’t been much capital activity. This situation seems likely to continue for a while.
Let’s hold on together.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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