theres been a huge shift in onchain behavior in the past few days. i started noticing it around the time $AI hit 300m and $BONER hit 80m. peak euphoria. since then, we've seen an influx of our favorite solana bundlers come to RH with big hopes and dreams of poisoning the chain. new pairs are impossible to sort through, everyone is frothing at the mouth and trying to catch the next big thing early, which is causing too much capital rotation.
it was very apparent last night during the $MEME and $CINEMA madness that there was enough liquidity onchain to support massive runners, however, since the coin was dumped to oblivion and so many were rinsed, we're now seeing the consequences and culmination of 2 weeks of euphoria with the $SLINK rug. i was lucky enough to get out with only a -15% on my overall port.
for the next few days/weeks there will be new narratives and innovation that appears. its most important that we save our capital and cash for sizing into these conviction plays. you see this pattern repeat every cycle
- onchain starts heating up
- people get rich off the main 3 runners
- everyone has extra cash
- fomo sets in, people bridge
- participants start being reckless with their funds and give back a lot of what they gained with the justification of no risk no rari
important to remember that if you've lost a lot of cash the last few days its okay to stop and reassess. there has been a clear change in the way things are moving. we cant have the ups without the downs. as long as you have dry powder there will always be new narratives and money to be made, but if you keep bleeding out and trying to claw back things get exponentially harder