Boom💥
To put it simply, the selection logic is that Fartcoin is expected to drain the SOL ecosystem due to Pumpfun's token issuance. I believe Trump is using the news from the dinner to create a favorable situation to pump and sell, and I've been looking for opportunities to short. Additionally, projects like Griffain, Goat, and Chillguy have increased several times from the bottom, but this wave is not leading the charge; it's just following along, compounded by the lack of sustained driving force in the projects themselves.
Also, when I short altcoins, I always use low leverage, as referenced in previous tweets.
This wave of market movement reminds me a lot of last year in March and April, when BTC broke through the new high of 73k in mid-March, then retraced to 60k, and returned to 72k in early April. However, many altcoins entered a long-term downtrend after peaking at the end of March. Currently, it seems that many altcoins peaked between May 10 and May 15. Even if BTC sets a new high on May 22, most altcoins have not returned to their previous highs.
In the last wave, the strongest WIF increased more than tenfold in a month, while this wave's stronger coins have shown similar performance from the bottom, such as Moodeng at 17 times, Fartcoin at 8 times, and Virtual at 6 times. Many mid and small-cap altcoins have also seen increases of 2 to 5 times. However, from the sentiment on Twitter, everyone is still eagerly awaiting the altcoin season.
The reason for this is likely due to the disconnect between BTC and altcoin performance. The anticipated altcoin season may be triggered by a new high in Bitcoin as a clear signal for a widespread rally, but the reality is that most altcoins had already completed their gains before Bitcoin reached its new high, leaving only a continued decline amidst Bitcoin's ongoing fluctuations.
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