Bonk Guy: The on-chain market is far from the worst, expecting a relatively quick market recovery.

On October 27 that Bonk Guy stated that the recent market pessimism surrounding on-chain trading (trenches) is excessive, and the current situation is far from the worst in history. He noted that roughly six new tokens have reached market capitalizations of over $100 million to $300 million in the past four months, with PONS rising from $0 to approximately $960 million; the FDVs of tokens such as ANSEM, CASHCAT, AI, and STONK have also each reached at least $300 million, while dozens of other new tokens have broken through the $10 million market cap mark.

Comparing it to the period before the launch of the Robinhood Chain and the time after the TRUMP token listing but before the rise of BonkFun, he pointed out that the market long lacked tokens with significant gains, and most projects struggled to exceed a market cap of $2 to 5 million. He believes the market recovery may be faster than most people expect. He also suggested paying attention to pullback opportunities in high-conviction tokens that performed exceptionally well during the last market cycle.