This weekend has been so boring, and the crypto market has shown no major movements; it can almost be described as 'dead calm'.
1> $btc was stagnant over the weekend, and $ETH is even worse, continuously dropping down to around $1800, almost breaking $1800 yesterday. The ETH to BTC exchange rate hit a low of 0.02 this year, down from 0.05 last year, having dropped more than half in less than a year, a definite 'diamond market apocalypse'.
No matter what coin you hold, as long as it's not BTC, you're basically losing money now. With Ethereum not rising, everyone is targeting V God; if it goes up, he's probably going to be 'the cute little V' again. However, the Ethereum Foundation hasn't sold coins recently, so the selling pressure might have decreased, which is a small glimmer of hope.
2> The BNB chain is not faring much better; trading volume has severely shrunk, dropping from 1.8-2 billion to below 1 billion. Just two days ago, things were fine; it's down 44% over the week. The BNB price has also slid to the 600s, and Launchpool returns have been slashed from 2.5% to below 0.5%. A slight fluctuation can wipe out the holding cost, making it quite a headache.
Newly launched meme coins are even worse; Banana only has a market cap of 53 million, Mubarak has dropped from 200 million to 60 million, and TUT is only at 35 million, down 21%. Previously, launching a meme coin with a market cap of 300-500 million was normal; now, it's less than 1/10 of that, and the market can be said to have been drained by Trump and Milei.
3> AI and meme coins have also collapsed severely; the recently popular Ghibli-themed AI token has fallen from 40 million to 7 million, an 85% drop. Other AI coins like Kaito and Virtual have generally dropped by 30%-40%, and the only one that doubled, Fart, turned out to be a flash in the pan. The entire market has no one willing to hold coins long-term; everyone is acting like paper hands. With more and more projects appearing and no one to support the market, it naturally continues to deteriorate, and the chances of a hundred-fold coin are out of the question.
The current market is a big 'bear'; Ethereum is weak, the BNB chain is cold, and meme and AI coins are crashing. Just hang in there.
