replyors

gm replyooooors

woke up and the markets are down bad again

what happened this time?

the markets give and the markets take

tinkering on farcaster and writing about it. https://newsletter.ambassadors.gg

Gm kyle
The altcoin market seems completely exhausted. Memes have delayed the real bull run, but their era along with pumpdotfun is coming to an end. On-chain data shows that over 80% of meme traders have been rugged, and more than 60% of pumpdotfun participants have lost all their money.
Meanwhile, Bitcoin has stayed strong because Saylor has been consistently buying. But he won’t be able to keep up this pace much longer. Bitcoin could drop to around 85,000 or even 73,000, but I don’t think altcoins will be heavily affected. 
Utility tokens are depressed, but there’s no rug, and it can come back. We might see the altcoin bottom confirmed by March.