Today, besides the bull making an appearance, Robinhood’s on-chain activity has clearly picked up compared to the past two days—volume and scam projects have increased. Rabbit surged and then crashed the same day; BONER has started to pull back. Currently, only the leading AI and PONS tokens remain strong. Let’s revisit the pattern: During hype cycles: Leader → Second-tier → Third-tier → Low-cap altcoins catch up At market tops: Low-cap altcoins die first → Third-tier collapses → Second-tier collapses → Leader corrects
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