Since spring 2024, a steady downward trend in amplitude has been visible in the small transaction segment (up to $1K). Each new spike in retail participation is lower than the previous one, while the price is making higher highs.
The 30-day average volume is currently $106M per day. There's now an obvious divergence in the retail market: price going up, retail activity falling. Essentially, this indicates retail player exhaustion.

Twitter

[Chinese-speaking area]
When a joke is worth more than $500 million, it's no longer a joke.
On the evening of October 4th, Binance co-founder He Yi reply on X, "Wishing you a Binance life," was like a spark thrown into a haystack, instantly igniting a firestorm that engulfed the Chinese crypto world. Within 96 hours, a meme coin coined from this meme skyrocketed from zero to over $500 million in market capitalization. This wasn't just an isolated get-rich-quick scheme; it was a textbook narrative blitz orchestrated by market sentiment, executive interaction, and community power. It accurately exposed the core of the current market...

Binance Life skyrocketed 6,000-fold, and Chinese memes took to the poker table.

The BNB meme coin season is heating up as Chinese-themed tokens dominate the BNB Chain, drawing liquidity away from Solana.
Facing this trend, Solana is trying to strike back — but can it reclaim its ...

Chinese Investors Are Shifting From Solana Meme Coins To BNB

Ethereum has been highly correlated with small-cap equities, which are very sensitive to interest rates, and analysts say both could move higher with more cuts on the horizon.
Analysts at macro invest...