Crypto Sentiment at Rock Bottom / Memecoin Carnage
On-chain memecoin trading is described as the 'weirdest month in a long time,' with notable liquidations and a general mood of doom. Cash-carry on Monad is one rare bright spot.
What we know
An account on X gets liquidated on $CASHCAT for -$23.5k PnL. Another account on X calls it the 'weirdest month on chain in a long time.' another account on X lists doom: 'market dumping, financial system collapsing, AI taking over jobs, crypto sentiment at rock bottom.' On the alpha side, another account on X flags a 50–100% annualized cash-carry opportunity on Monad ($MON) — long the perp against physical inventory. Another account on X argues the best plays sit between pure meme and pure financial product.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.