Tokens of altcoin projects that witnessed the worst crashes of the last bear market are being pumped like steroids. These price movements of these tokens, which surprised everyone, also raised some questions. This question: ‘What’s behind this? A cryptocurrency researcher had an interesting reaction to these movements!
Crypto researcher: Are you sure you want such a bull market?
cryptokoin.comAs you follow from , some altcoin projects experienced a dramatic collapse last year. So much so that their effects left deep traces in the crypto market. This negative image led to a winter market extension and regulatory pressure. However, now these alcoin projects have started pumping. The real catalysts for this rally remain unclear. Additionally, the situation presents a confusing outlook for investors.
Famous Swedish crypto researcher Eric Wall, co-founder of Arcane Assets and Starknet board member, commented on the series of simultaneous pumping of assets associated with collapsed altcoin projects. Wall: “Are you sure you want this bull market?” He gave an interesting reaction by saying.
These 4 altcoins are rocketing, people are confused!
Eric Wall asks whether crypto enthusiasts want a “bull market” that begins with prices of FTX Token (FTT), Terra (LUNA), Celsius Network (CEL), and Hex (HEX) skyrocketing. In the past month, the FTT price has more than quadrupled. During this period, the altcoin price increased by 352% and reached the peak of the year at $ 4.53. In the last 24 hours alone, the token has increased by 29%.
CEL, the primary local utility cryptocurrency of now-defunct crypto lender Celsius Network, has gained 128.3% in the last 30 days. Thus, it rose to levels it has not approached since April. Finally, LUNA, the asset of the collapsed Terran ecosystem, increased by 35% overnight. The token of Do Kwon’s Blockchain will almost return to the top 100 cryptocurrencies by market cap.
Has the SEC given the green light to FTX 2.0?
Meanwhile, Wall, a long-time rival of Hex and Richard Heart, was immediately attacked by Hexicans in the comments to the X reveal. They insist that a “legitimate DeFi altcoin token” should not be associated with the existence of collapsed protocols.
The reason for the pump is obvious only to FTT. The token erased all losses from the past 12 months as US SEC chairman Gary Gensler outlined conditions for a potential FTX relaunch under new leadership. Gensler noted that FTX 2.0 could launch with former NYSE Tom Farley at the helm.
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