📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Basically what happened is we're at the point in the cycle where $ETH should be $6k but everybody got sidetracked for a year trading memecoins on Solana so the rest of the market absolutely puked whilst Bitcoin kept going up.
Money rotated to memes so the usual VC'S startes bragging about Solana metrics and being 'concerned' for $ETH whilst they sold their unlocks into adequate liquidity.
Eventually the Solana memecoins completed their suicide roller coaster in quick succession and pumpdotfun extracted as much as they could and then, thankfully, the market finally realised that $ETH is massively undervalued given the bullish news so everyone hyper rotated as quickly as possible + fresh treasury money pumped us back to a more respectable level.