Last night, the broad market dragged things down, and #pons and $MarsCoin fell in sync. pons broke below the previous low of 0.65, dipping as far as 0.61, reaching the bottom area of the 0.6 target I had previously forecast. Now, buying near 0.6 and adding positions offers a very high cost-effectiveness. Even if prices were to further probe down to the extreme target of 0.5, the downside room would still be quite limited. And by the next major bull-cycle upswing next year, there should be at least 3–5x upside potential. The risk-reward ratio is very attractive right now.

In terms of operations, I increased spot holdings by about 30,000 pons, adding several thousand U in cash (kitty chahcat) and some small-cap coins. On Binance perps, I added 10,000 U. In addition, at the nearby 0.63 price, I opened another long position with 10,000 U pons perps. Binance also set up a 5,000 U pons long grid. Around 0.6, I removed the smaller liquidity pool, reclaiming nearly 4,000 pons, while keeping the larger liquidity pool to continue mining pons. Marscoin dropped even more sharply, directly breaking through the integer level of 0.1. In this round, the pullback from the high has reached 63%; even if 0.1 isn’t the absolute bottom, it has basically entered the phase of a bottoming area. Today, using more than 20,000 U to add over 200,000 coins, and if I add again 1–2 times later, Marscoin can be within the top 100 holders.

During these past consecutive days of sharp declines, my portfolio’s market value has shrunk by more than 200,000 U. When people encounter this kind of market, they often choose to panic-sell and exit. They may wonder whether something has gone wrong with the project, or whether the main players have fled, and assume the price will continue to fall deeply. However, I’ve observed that the core fundamental data—such as the number of tokens issued and fee revenue—has not collapsed. Every day, PONS continues to be repurchased and burned. There has been no substantive change in fundamentals. This round of falling is simply because the prior major rally had run up too much, and profits from holders at the bottom are being cashed out, combined with the main players deliberately suppressing the price to wash the market.

Faced with the recent sharp pullback in market value, I don’t feel distressed or discouraged. On the contrary, I’m glad I can collect more cheap coins at lower levels. In recent days, I’ve continued investing several hundred thousand U and added positions in batches. As a qualified long-term investor, having solid psychological resilience is the foundation. Getting trapped and experiencing large drawdowns after setting up a long-term position is something that commonly happens. You also can’t catch the very lowest point in a bear market. As long as you manage to position yourself at a relatively good stage, that is success. All of my current positioning is to prepare for the next major bull run in the range of 3–5x come next year from March to May.

I already predicted that this adjustment would probably last one or two months, or even longer. And the ARC new chain launch on September 16 would bring even greater competitive pressure. It will definitely divert traffic and users, and in the short term, fee revenue will temporarily decline, which could further suppress the coin price. But I believe that after the brief competitive shock passes, PONS’s income will gradually recover back to its previous revenue level. In fact, consolidating at low levels has its advantages: the lower the price, the more PONS can be repurchased and burned with the same amount of fees. Then when the next round of rally lifts prices higher, the amount that the same funds can burn will actually be less. If in the future the price drops below 0.6, I will continue to add and build positions.

As for Marscoin’s decline, I’m not worried. In every bull market, the Musk-related narrative remains one of the most explosive storylines in the crypto space. Combined with its position as a leader in the Binance Coin stock-sector track, during a big bull market, pushing up by 8–10x to challenge a market cap of 1 billion shouldn’t be difficult. What to do now is to accumulate in batches at lower prices—build up enough positions in a bear market—and then wait calmly for the next big bull market to arrive.