9.30 Tomorrow is National Day, and it's time for the holiday. I've seen many people say they're reducing their positions because of the break, but ever since I joined the crypto space, the concept of 'holiday' has never really existed for me. On-chain Memes on Sol are showing some signs of recovery, with many tokens quietly rising. A few days ago, someone sent me a 600k project saying it was a group project. I took a quick look and wasn’t too interested, but just checked again and it’s now at 3.28m. Neet is also slowly climbing back to 22m, but the spark I still hold hasn’t moved much. Nothing much happening on Bsc. A token called giggle popped up, and now someone wants to launch giggleb, which is just going to wreck retail investors. Haven’t seen any other memes making moves. The leader on Xpl retraced but climbed back to 30m again, though the price of Xpl itself has dropped quite a bit. As for Xlayer, there’s almost no activity anymore. My stars have completely tanked. Cex Aside from a few mainstream tokens, the other altcoins are basically unwatchable. These new tokens with massive market caps are sucking up all the liquidity, and there are still more big-cap tokens coming up. New tokens Xan, despite opening with a high market cap, has to be said—it’s actually able to rise. From a low of 12b to 22b, at least there’s some room for growth. But $ff is really something else. A lot of people are saying how great it is, and while I don’t fully understand it, I did have some expectations. It launched on-chain with a market cap of 6.7 billion, and many retail investors bought in. After it launched on Binance, it started dropping. I thought it might stabilize a bit, but when I checked this morning, it was at 2 billion—down more than 3x from the peak. Looking at the market cap, it’s still way too high, but with new tokens these days, no one pays attention to market cap in the first few days.