@100trillionUSD Can probably credit it mostly to pumpfun and memecoins. The meme casino absorbed most of the retail liquidity that otherwise went into alts.
All of that retail got wrecked. Likely never to come back.
Don't know Cred, sentiment around crypto is entirely different now than it was back then. In 2017 there were only a handful of alts, we were at the peak of ICO season. The momentum was well and truly there. There was hope and a true sense that we were still early.
This time around we're sitting on 99% drawdowns across most alts, very little momentum outside a select few. As much as I wish this was true I can't really see any similarities between the market now vs what we had in 2017. The May 2021 drawdown is closer but things are still much worse now imo.