I counted the recent popular Meme retracement data, and the decline is shocking!

This decline is not like a bull market at all!

The Meme with the highest decline is ai16z, reaching -70%. Of course, this is due to the evil of the community.

The smallest decline is Mog. Although the decline is the smallest, it is also -17%.

Secondly, the declines of PNUT, GOAT, ACT, etc., which were popular on Binance before, are all around 50%.

The current situation is that the old altcoins in the last bull market have been pulled up fiercely, but according to my voting data, at least 50% of people do not hold those altcoins.

Because these altcoins did not pull up much in the bull market in the past year, most people sold their chips and embraced the rising Meme.

Therefore, many chips of the old altcoins are concentrated in the hands of the dealers, and the dealers pull up the market as easily as pulling up stand-alone coins.

The current situation is that the old altcoins in the last bull market have been pulling up sharply, but according to my voting data, at least 50% of people do not hold those altcoins.

Because these altcoins did not pull up much in the bull market in the past year, most people have sold their chips and embraced the rising Meme.

Therefore, many chips of the old altcoins are concentrated in the hands of the dealers, and the dealers pull up the market as easily as pulling up stand-alone coins.

However, the Meme market is also terrible now, and most Meme coins have a retracement of more than 50%!

There are even many leeks who have just embraced meme, and they have suffered a -50% retracement when they just started playing meme!

However, I think that the Meme Season is not over yet. After all, I heard that many VC institutions are trying to enter the Meme market, so what you have to do is to gradually buy Meme coins with "strong communities" and "many rebounds in the past" during the decline!

Of course, if the bull market ends here, Meme will definitely end too. . .

Since you have read this far, you might as well give it a thumbs up and a follow.

PS: This tweet is for reference only and does not constitute any investment advice.