0xSun: Bought the dip on ANSEM and NEST, believes Solana remains the engine of this on-chain cycle

Odaily reports that trader 0xSun stated on social media that he has purchased ANSEM and NEST at market caps of approximately $280 million and $6 million respectively, to participate in the current on-chain market volatility.

He believes that the current on-chain market activity, led by blknoiz06, is vibrant, with strong Meme coins appearing 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 have peaked overnight.

0xSun stated that ANSEM has already corrected over 40% from its highs. Given Ansem's continued vocal support and the fact that approximately 60% of the supply has not yet been unlocked, there is a high probability of a rebound. NEST, on the other hand, is a higher-risk, higher-beta asset, with its short-term trajectory still primarily driven by market sentiment. He also believes that for small-capital investors, the crypto market remains a more suitable arena for leveraging small bets into large gains.