The main consensus is that everyone has entered the spot market = pouring in
The last round of TST and white cloth was like this
Once the spot market opened, market makers started to sell... the BSC market ended
This time, it is destined not to enter the spot market so quickly
This is also something that cannot be helped.
1️⃣ If the assets in the exchange are worthless;
2️⃣ The on-chain memes are just waiting for the exchange to pour in;
3️⃣ Users in the exchange can only take over;
4️⃣ Everyone goes on-chain to pump;
5️⃣ Users in the exchange no longer take over;
6️⃣ The more they pump on-chain, the lower it goes, losing the wealth effect.
This cycle, relying solely on a temporary on-chain wealth effect, is useless. If 1️⃣ continues to be proven right, the on-chain will eventually run dry, just like Solana after Trump.
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