Market Hotspot:
1. The rebound of DeFi's lista is a stablecoin protocol on the BSC chain, introducing the Trump family project WLFI's stablecoin USD1 and new features like lending.
2. Public chain layers are rising, continually hitting new highs. Layers are hardware-accelerated SVM blockchains that previously focused on SOL staking and have undergone multiple transformations.
3. The stock of OM has crashed, plummeting 90% from $18 billion to $2 billion. Previously highly controlled, the crash resembles that of ACT.
4. Meme's RFC has surged, with a market capitalization exceeding $100 million. RFC is Musk's mouthpiece, controlled by 30% of the backers. Market maker Wintermute has bought in, and the market expects it might list on Coinbase. Currently, the number one meme on the SOL chain is Fartcoin, and number two is RFC.
On-chain market conditions are fully returning.
$RFC broke $100 million relying solely on on-chain forces. I admire those who can hold on; maybe only one out of a hundred becomes a big winner, but as long as you latch onto one, you can take off directly.
I was actually thinking of increasing my position back then, but when I saw that the front row was all small fish accounts, I thought, what's the point of playing this... sigh, who would have known that this time the market maker's pattern is so big.
You can't guess the market maker's intentions.
It's important to know that this wave did not meet expectations for listing on Binance, or even if it does, it may not necessarily be a positive sign. The power of pure on-chain forces reaching this level means that the strength of CEX has been significantly weakened once again, and the on-chain republic continues to gather.
The myth of a super big winner on-chain every month continues; even in the worst market, there are opportunities for miraculous turnarounds. Although many are criticizing BNB chain, the golden dogs from the last two months were all provided by BNB chain.
During Solana's slump, BNB chain truly supported on-chain activities, so as Solana recovers, new on-chain targets will also appear on BNB chain. If the previous wave relied on Binance's support, I believe this wave for BNB chain will definitely depend on the project team's collaboration with market forces.
Moreover, pure meme tokens are very unlikely; it depends on whether a new independent narrative can emerge on the BNB chain. $MEMEROOM actually created a pretty good case; if it hadn't been reported by a small person, it would probably be at $5 million now, while $BNBCARD, as a sentiment sensor for BNB chain, is also quietly reviving.
$COCO has been flat for so long, it should also be waiting to make moves when the market warms up.
Next, drink less and pay more attention to on-chain activities on Solana and BNB chain; both hands should be strong.
OM flashed crash, plummeting 86% overnight, but in the past year, OM is up 24% while ETH is down 44%...???
I just want to ask if you are convinced; OM struggled for three years to pump from $6 to $0.37, and it only took a minute! The sky fell for early OM holders!
Market data from 5 hours ago shows that OM briefly dropped over 70%, with more than $28.61 million in liquidations in the past hour, mainly from long positions. Even with a double leverage, it seems to have been squeezed out!
Although it fell sharply, its performance this year is still better than ETH, causing significant pain and humiliation; the E-guardians are heartbroken.
The reason for this wave of crash is simply that the $OM team controlled over 90% of the supply. They raised it from $0.02 to $9 and then sold off.
Subsequently, the founder of MANTRA stated: The crash of $OM is not due to Binance, but caused by improper forced liquidations from other CEX.
The tokens are still locked and follow the announced unlocking schedule, and the tokenomics of OM remain unchanged.
This truly is a tumultuous autumn, even market makers have become black swan triggers.
Airdrop holders have been completely defeated. Long-term investors can only hold their bags.
A large number of spot buy orders were suddenly canceled while large holders dumped, and there are people in the contract market who preemptively shorted to make a big profit.
This kind of drop is a typical 'bulldozer harvesting method.' The market maker first absorbs selling pressure, attracting those chasing the market and increasing their positions, then at the critical point, they cut off all the high-flying traders in one go.
As for the price points that the market makers will push to and when they will harvest, it completely depends on their strength and expectations; retail investors cannot guess at all. Pure market manipulation.
A 90% crash like OM is not an exception and will continue to happen in the future.
No one knows when they will explode; you can prepare one thing in advance:
If you don't understand it, don't touch it; if you do, you must set a stop-loss. Don't wait until it hits zero to think about 'risk management.' Protect your funds. Trust your instincts.
Now everyone is guessing: Will U.S. stocks rise or fall when they open on Monday?
Tokens like OM and DEXE, seen as heavily manipulated, have also 'failed' in the ongoing downtrend, crashing from price peaks with declines approaching 90%, paralleling the dire situations of WLD, BETA, TRUMP, WIF, etc.
Think about it, how shrewd project teams are; if they could choose, they would definitely unleash the crash during a bull market, where dumping would yield far greater profits than now, while retail investors suffer significant losses, losing 70% or more of their real money. So, when playing with altcoins now, I would set stop-losses to avoid being 'shaken off' by the market.
However, there are also highlights in the market. Recently in the secondary market, SOL's performance has unexpectedly outpaced ETH; the SOL ecosystem has had impressive new offerings like Orca and Layer, followed by the debut of the new coin PROMPT on OKEX. Although good coins are scarce right now, the emergence of RFC with a market cap of over $100 million can still liven up the market for a few days.
The current strategy is to go where it is hot; don't be attached to battles, keep your positions safe, and hope for the market to warm up and for dawn to reappear.
If you want to seize this opportunity, learning on the fly is definitely too late; it's best if someone can guide you quickly.
Keep up the speed!
Today's focus: XRP SUI SOL ETH FUN
