people didn't want to talk about it for a long time because 'skill issue' and 'no crying in the trenches' but most people can finally admit Pumpfun was like dropping a nuclear bomb on the entire of onchain somehow the get-rich-quick-super-rotation meta that took place on Solana with pumpfun was a contagion that effected all chains it's like sense went out the window and there was literally no alternative market you'd think 10 or 20% of liquidity would have provided an alternative, more sophisticated and low risk landscape on a chain like ETH or BASE but it didn't happen apart from some very rare outliers Solana and the pumpfun supercycle kept just eating liquidity for well over a year eventually even the most staunch of anti-pumpfun and anti-solana traders moved there because it looked like the meta would never change (and they got rekt) now you have this absolute despondence across the entire onchain landscape even if we're seeing some signs of life on Sonic and a bit on Avax but the timeline is still very quiet apart from LTF CEX traders playing the chop so many people i know are down 50-80% from portfolio all time highs just getting rinsed relentlessly for months I think this is the bottom in terms of sentiment for sure and it's such a strange sight: BTC at 95k! but levels of dissolution and depression I didn't see even in the brutal depths of the bear market at 16k BTC we have to admit: most of the timeline got ruthlessly extracted in probably the biggest liquidity destroying event of all time that didn't come in the form of a big overnight rug, or a nuke, but months and months and months of liquidity vacuum. It came in stealth mode and left everyone wondering where there money went. The bright side is that it looks like it's over. People have either finally had enough or in some cases have nothing left to gamble. So now the healing can begin and we can regain some sense onwards to a 2025 that can still be the best year that crypto has ever had