The market is currently experiencing a liquidity drain, especially after the $SOL onchain meme, which surprised everyone. An example is that the Pool liquid project with an initial capital of 100 million USD has increased to x10, which shows the level of instability.
I heard a lot of information from my meme-making friends, and they also emphasized that after the $SOL craze, the market is going through a difficult time with low trading volume.
While it seems like the market has run out of money, I see this pattern as similar to what happened in 2023, after the rise of tech cryptocurrencies, followed by meme coins like $ETH, $SPX, $BITCOIN, $PEPE, ...
Next, is the altcoin season with unstable fluctuations and takes time to accumulate again.
By the end of 2023 and early 2024, everyone will surely realize that a similar rising wave will repeat, but may be stronger as credit is expanded.
#TopCoinsJune2024 #binance #IO
