Recently, several new coins, such as $ACT and $PNUT , have experienced significant price declines, evoking parallels to the DeFi "golden pit" of 2020. During that time, DeFi-related tokens like UNI faced heavy criticism, yet the DeFi sector ultimately ignited the first wave of the bull market. Despite current downward trends, history suggests that when market hotspots emerge, substantial funds in the secondary market often flow toward promising benchmark projects, potentially driving the broader market upward.
This scenario mirrors the DeFi downturn, where, even as prices dropped, numerous new DeFi projects continued to launch on-chain. Similarly, despite the decline in new Meme coins listed on exchanges, on-chain activity remains robust, signaling underlying market vibrancy and potential for future growth.
