Svmuu News: Trader 0xSun posted that he had purchased ANSEM and NEST at market capitalizations of approximately $280 million and $6 million, respectively, to participate in this round of on-chain price volatility.
He believes that this round of on-chain market activity, driven by blknoiz06, has been particularly active, with strong meme coins emerging on Solana, BNB Chain, and Robinhood Chain. However, the overall rotation has been extremely rapid; aside from ANSEM, which has continued to rise for over a week, most leading tokens on other chains peaked overnight.
0xSun noted that ANSEM has pulled back more than 40% from its peak; given Ansem’s continued engagement and the fact that approximately 60% of the tokens remain locked, the probability of a rebound is high. NEST, on the other hand, is a higher-risk, higher-volatility asset, with its short-term performance still primarily driven by market sentiment. He also believes that for small-scale investors, the crypto market remains a place where it is still possible to turn a small investment into a big return.