链上观察

This second level is getting harder to play
#链上观察 Last time this siren went in at level one it doubled
But still, as the saying goes, the water is deep at level one, newbies who don't understand anything should stay away

When I was a kid, I always loved watching my grandfather drive his old truck through fields and cities, and he would always tell me that sometimes the scenery on the road is more important than the destination. Today, I drive my own truck, but I am staring at the ever-changing cryptocurrency market.

Recently, I "ran into" $VIRTUAL on the chain. The price was only about $1 at the time, but now it has risen to $3.72, with a total market value of $3.5 billion, breaking into the top 40. Interestingly, Binance and its competitors only launched contracts, but no spot. This has happened more than once this year. Why? What makes me curious is whether this phenomenon represents a new trading strategy or risk aversion?

Anyway, I bet all my positions on $VIRTUAL, predicting that it will soon rush to $5. What do you think, should we continue to be bullish or stop while we are ahead? Remember to like and follow, I will continue to share more "crypto experience on the road"! 🚚💰 #链上观察 #加密货币
$BTC $VIRTUAL #SUI、OP大额解锁 #币安Alpha公布第9批项目 #币安MegadropSOLV

Recently researched Pump.fun, and the more I look, the more I feel that it is a very contradictory existence on Solana.

On one hand, there is a total revenue of $613 million, and it has crazily absorbed $205 million in the past 30 days;
On the other hand, on-chain data shows that over 80% of meme coins do not survive 48 hours.

Every day, over 1800 new coins are born, transaction fees on the Solana chain have skyrocketed, and trading volume has reached record highs, making the ecosystem look super prosperous.
But if you take a closer look, most projects have no fundamentals at all, and prices are entirely supported by FOMO sentiment.

In simpler terms, Pump.fun has pushed the Web3 idea of 'anyone can create a coin' to the extreme,
And has thoroughly exposed the short cycle and rapid speculation of the meme economy.

The essence of this game is:
Who can hype it up the fastest, pump it the fastest, and run away the fastest.

On-chain data shows that over 65% of project pools have liquidity of less than $500, with major players controlling the market and liquidity mining pits visible everywhere.
Moreover, regulators have already started paying attention, and it is likely that this freedom and revelry will not last forever.