Bonk Guy: Market Pessimism May Breed Opportunity, On-Chain Trading Activity Poised for Recovery

Well-known trader Bonk Guy stated that although the crypto community generally believes on-chain trading conditions have hit historic lows, approximately 6 new tokens have still reached market capitalizations of $100 million to over $300 million in the past 4 months, with dozens of new tokens seeing fully diluted valuations (FDV) exceed $10 million.

Among them, tokens such as PONS, ANSEM, CASHCAT, AI, and STONK have all seen their FDV reach at least $300 million. Despite deteriorating market structure, on-chain trading continues to produce tokens with significant surges from time to time. Compared to the sluggish periods before the emergence of Robinhood Chain, as well as after last year's TRUMP token launch and before the initial rise of BonkFun, the current market is far from its worst historical levels.

While the current market environment is not as strong as the broad rally seen a few months ago, this does not mean on-chain trading opportunities have disappeared. With market sentiment dominated by bearish views, he expects the market may recover soon, with the pace of recovery potentially faster than most anticipate. He suggests focusing on tokens that performed strongly in the previous cycle with high conviction, and considering gradual accumulation during pullbacks. He noted that historical experience shows some tokens may not only revisit previous highs in the next rally but could go even higher, and the biggest market opportunities often emerge before mainstream sentiment shifts.