Bonk Guy: Sluggish market sentiment may breed opportunities, on-chain conditions expected to recover

BlockBeats news, October 27 — Well-known trader Bonk Guy posted that although the crypto community generally believes the on-chain trading environment has fallen to historic lows, in the past 4 months about 6 new tokens still reached market caps of $100 million to over $300 million, and dozens of new tokens broke $10 million in fully diluted valuation (FDV). Among them, tokens such as PONS, ANSEM, CASHCAT, AI, and STONK all once reached an FDV of at least $300 million. Although the market structure has deteriorated, on-chain trading still occasionally sees tokens with sharp gains. Compared with the period before Robinhood Chain appeared, and the downturn after last year's TRUMP token launch and before BonkFun initially rose, the current market is far from the worst historical level.

Although the current market environment is not as good as the broad rally a few months ago, it does not mean on-chain trading opportunities have disappeared. As market sentiment is dominated by pessimistic views, he expects the market may recover soon, and the recovery pace may be faster than most people expect. He suggests paying attention to tokens that performed prominently in the previous round and have higher confidence, and considering gradually building positions during pullbacks. He said historical experience shows that some tokens may not only return to previous highs in the next rally but may also move further higher, and the market's biggest opportunities often appear before mainstream sentiment turns.