Onchain/memecoin sentiment at a trough
CT traders describe the worst onchain sentiment in memory, with Iran war, AI doom and midterms cited. Some cite drawdown-duration stats suggesting a bottom is near.
What we know
Godric said sentiment is the worst he has experienced, while LB cited day 58 of a -90% drawdown for onchain terminals versus a 45-day average. Murad hinted a move could start soon. London Crypto Club suggested fading sentiment extremes, and Ansem's RT discussed attention traders versus community-coin believers.
How the story developed
CT traders describe the worst onchain sentiment in memory, with Iran war, AI doom and midterms cited. Some cite drawdown-duration stats suggesting a bottom is near.
Solana trenches traders say insider-heavy "crime coins" are losing favor to community-driven culture coins. Onchain terminals are near the longest drawdown on record.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.