📉$BTC is sliding at the moment while ETH shows a mild bounce. Market sentiment still feels shaky after broader sell-offs.
• Smaller, highly volatile tokens are pumping hard (large % moves) — these often include low-cap assets with wild swings.
Ecosystem action worth noting:
• PancakeSwap’s native $CAKE has been showing signs of accumulation and whale activity despite broader bearish pressure.
• Binance’s native token BNB still draws heavy attention as macro sentiment shifts impact the whole market, their recent SAFU Fund BTC buy will benefit them long term.
In short: BTC & ETH are volatile but not exploding; smaller altcoins and Binance-ecosystem tokens are where you’re seeing the hardest short-term moves right now.
Vitalik basically admitted the L2 dream is fading: slow Stage 2 decentralization, copy-paste EVM chains, and L1 fees already super low mean the old "branded shards" vision no longer makes sense.
He nuked many L2 roadmaps/value props overnight.
I´m bullish on $POL since they took a different path early—more sovereign sidechain vibes, now pushing AggLayer for unified liquidity without full L2 dependency.
But $ATOM has been doing sovereign EVM L1s right from the start: full control, native tokens as gas, staking security if you want, and FREE native IBC interop to ETH (light-client verified, instant finality).