Something big is really about to happen! The crypto market is about to be hit hard by two waves of bloodletting!
First wave: The boss of USDC, Circle, is going public tonight, with a valuation directly pegged at $7 billion! Remember when Coinbase went public in 2021?
At that time, Bitcoin had just touched its historical high of $65,000, and then it halved right after the IPO. History might repeat itself now, as a large amount of capital will flow out of the crypto market to speculate on new stocks, leading to a market blood shortage.
The second wave is even harsher: PumpFun from the Solana ecosystem is going to launch a presale within two weeks, with a $5 billion valuation directly selling $1 billion worth of chips!
Retail investors and institutions are now starting to sell BTC and ETH to raise money to prepare for the buying frenzy. This wave of bloodletting will definitely be scarier than when Trump Coin was launched — on January 17, when Trump Coin went live, it directly crashed the market. This time, with two vampires coming at the same time, it’s definitely a bad omen!
We must be vigilant now, as the speed of new capital entering the market is simply not keeping up with the speed of bloodletting, and the market could flash crash at any moment.
