0xSun: Already Bottom-Fished ANSEM and NEST, Believes Solana Remains the Engine for This On-Chain Cycle

Odaily News Trader 0xSun stated that they have purchased ANSEM and NEST at market capitalizations of approximately $280 million and $6 million, respectively, to participate in the fluctuations of this on-chain cycle.

They believe that the on-chain cycle, driven by blknoiz06, has been very active, with strong Meme coins emerging on Solana, BNB Chain, and Robinhood Chain. However, the overall rotation pace is extremely fast. Except for ANSEM, which has been rising for over a week, most other chain leaders peaked overnight.

0xSun stated that ANSEM has retraced over 40% from its high. Given Ansem's continued commentary and the fact that approximately 60% of the supply has not yet circulated, the probability of a rebound is relatively high. NEST, on the other hand, is a higher-risk, higher-beta target, and its short-term performance remains primarily driven by market sentiment. They also believe that for small-capital investors, the crypto market is still a more suitable arena for turning small investments into larger gains.