This rebound's strength depends on which coin has a strong backing:

$Hype $Usual $Cow $Sui $Move

Among them, $Hype directly reached ATH, it's too brutal, one can't help but be a bit impressed.

$Usual released a new partnership announcement, indicating a strong intention to collaborate with all stablecoins, leading to a fierce rebound in price.

$BGB, which follows a similar path, has had a slightly weaker rebound, let's see if it follows suit tonight.

However, during this major drop, some high-quality assets on the chain basically didn't drop much. Just now, bn added a bunch of quality AI contracts, it seems that more energy will need to be shifted to chain activities in the future.