Bonk Guy says most popular tokens have fallen by more than 50% and remains bullish on the fourth quarter
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AT A GLANCE
Bonk Guy said most popular tokens have recently declined, with some falling by more than 50%, and advocates against selling high-conviction holdings due to short-term weakness.
Article
Bonk Guy: Most popular tokens have fallen by more than 50%, but do not sell high-conviction holdings due to short-term weakness
PANews, September 24: Bonk Guy posted on X that recent market trends have generally aligned with his previous expectations. The on-chain market has been relatively volatile over the past two weeks, with momentum cooling significantly, especially compared with the strong momentum of the previous 1 to 2 months. Except for a few assets such as USELESS and STONK, most previously popular tokens have now declined, with some falling by more than 50%. Newly launched tokens have performed particularly poorly. Bonk Guy said investors are currently being forced to sell high-conviction holdings because of market weakness, which is precisely the stage when conviction is most easily shaken. He believes the truly difficult part is not buying when the market is rising, but continuing to hold and buying on dips when the market is dull and painful. Bonk Guy still regards the fourth quarter as a key period and believes the past few months were merely the prelude to the market trend. If the market continues to rise as he expects over the coming weeks, investors who sell high-conviction holdings now may...
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🔗 https://www.panewslab.com/zh/articles/01a0d338-2ad5-72a2-bb35-f632152d04c6
Key points
01
Bonk Guy posted on X that the on-chain market was relatively volatile over the past two weeks, with momentum cooling significantly compared with the strong momentum of the previous 1 to 2 months.
02
Bonk Guy said that, except for a few assets such as USELESS and STONK, most previously popular tokens have now declined, with some falling by more than 50%.
03
Bonk Guy said newly launched tokens performed particularly poorly.
04
Bonk Guy believes investors should not sell high-conviction holdings because of market weakness and advocates continuing to hold and buying on dips when the market is dull and painful.
05
Bonk Guy still regards the fourth quarter as a key period and believes the past few months were merely the prelude to the market trend.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a market participant’s assessment of recent on-chain token trends and a holding recommendation. He believes the market has cooled significantly in the short term but remains optimistic about its subsequent performance, and therefore advises against easily selling holdings in which investors have strong conviction. “High-conviction holdings” refers to assets that investors are highly optimistic about and willing to hold for the long term.
Why it matters to readers
The view reflects short-term pressure on popular and newly launched tokens, while also showing that some market participants remain bullish during the retracement; however, it cannot by itself prove that the market will rise.
Beginners should understand this type of content as a personal opinion rather than a certain buy or sell signal. Holding or buying on dips may still result in further losses, so first verify the price data and assess your own risk tolerance.
Risks and unknowns
The source does not provide the statistical scope, price ranges, or independent market data for the popular tokens, so the claims that “most declined” and “some fell by more than 50%” cannot be verified.
The specific performance of USELESS and STONK is not provided in the source.
The expectation of a rise in the fourth quarter and over the coming weeks is Bonk Guy’s forecast and has not yet been verified.
The body is truncated at “may...”, so the complete conclusion cannot be confirmed.
Related Developments
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The source does not explain the data supporting Bonk Guy’s claim that investors were being forced to sell.
Related concepts
On-Chain Market
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