Recently, the on-chain meme scene is as dry as it can get! Robinhood isn’t bringing in new projects, and the leader PONS continues its downward trend, with its market cap dropping to just over $300M. It’s expected to fall back to around $100M. On the other hand, a few new projects popped up on BSC. GM and 中国人能飞 both hit ATHs of over $10M in the past two days, but they were just one-off pumps and have already consolidated around $1M. The chances of a rebound don’t look great. There’s still one left, 旺柴, holding above $10M, but who knows how much longer it can last. For now, it’s better to stay on the sidelines with this market. Really makes you hesitate to make a move!