LIVEQuick snapshot of token drawdown by narrative Vs. local high:
Layer 1s
$BTC: -5%
$ETH: -15%
$SEI: -42%
$SOL: -18%
$APT: -37%
$AVAX: -29%
$ FTM: -25%
$INJ: -39%
$MINA: -40%
$ NEAR: -23%
$ SUI: -31%
$ RON: -18%
-$NEON: -63%
Modular Blockchains
- TIA: -48%
- DYM: -46%
- CTSI: -41%
- SAGA: -35%
- ZETA: -42%
Layer 2s
- ARB: -40%
- OP: -39%
- STX: -21%
- METIS: -41%
- IMX: -31%
- MANTA: -35%
- MATIC: -33%
- MNT: -18%
- SKL: -16%
- STRK: -31%
Layer 3s
- DEGEN: -45%
AI
- OLAS: -50%
- RNDR: -35%
- AGI: -52%
- TAO: -10%
- FET: -27%
- AI: -41%
Gaming / NFT
- PIXEL: -32%
- PRIME: -23%
- BLUR: -38%
- MANA: -26%
- AXS: -30%
- SAND: -26%
- RLB: -53%
Oracles
- PYTH: -32%
- LINK: -25%
Memes
- WIF: -27%
- DOG: -12%
- SHIB: -40%
- DOGE: -16%
- PEPE: -36%
- MYRO: -51%
DePin
- AR: -35%
- FIL: -32%
RWA
- ONDO: -28%
- MPL: -21%
Liquid Staking
- JTO: -30%
- LDO: -37%
DeFi
- PENDLE: -2%
- ENA: -3%
- AAVE: -23%
- COMP: -32%
- CRV: -32%
- SNX: -27%
- RUNE: -39%
- UNI: -45%
- JUP: -30%
- SUSHI: -33%
- AEVO: -37%
- DYDX: -34%
CEX
- CRO: -21%
- LEO: -5%
- KCS: -35%
- OKB: -23%
Bridges
- W: -56%
- SYN: -36%
Observations
- L1s have been relatively holding better than other infra tokens
- Modular blockchains tokens got rekt
- L2s performance has been pretty average except $METIS and a few outliers that are experiencing the most drawdowns right now
- AI coins like $TAO starting to pump again and we're reminded that it led the run of end October, followed by modular stack
- Possibility that modular tokens and $SEI follow TAO's lead soon for round 2
- Top memecoins will most likely remain in a supercycle and we'll see some quality projects such as $DOG & $NFD playing catchup
- $PENDLE, $ENA & $ONDO will continue leading the DeFi/RWA narratives, others will keep being sluggish unless new proposals are made (e.g. $AAVE fees to token holders, etc.)
- Bullish $SUI & $RON that propose a great R:R for the rest of the cycle
- $PIXEL & $PRIME