$PONS、$MARSCOIN、$牛来, all three rebounded sharply from their previous highs. I’m bullish because after the shakeout, the catalysts are still in play.
Niula is a meme coin on the BNB Chain. Binance listed it on spot on September 9 with a Seed Tag. The trading pairs are Niula/USDT and Niula/USDC. It’s currently around $0.074, up a few percentage points in the last 24 hours, but still down about 25% over the past 7 days. Market cap is roughly $74 million. From the September 12 high of $0.162, it’s now about 54% lower. Binance also supports an airdrop of QQQB for Niula holders, starting to count positions in September; the first distribution begins in early October. PONS is a launching-pad token on the Robinhood Chain. Coinbase put PONS on its roadmap on October 6, and the PONS-USD pair opened on October 7. It’s now around $0.35; down about 12% in the last 24 hours. Market cap is about $240 million, and there’s still more than half of the distance left from the September high of above $0.88.
MARSCOIN is a Mars-themed meme on the BNB Chain. It’s currently around $0.089, down about 5% in the past 24 hours, down about 30% over 7 days, with a market cap of roughly $90 million. From the high of $0.263 on September 5, it’s now down about 66%. The corresponding airdrop is SPCXB.
None of the three are new stories; they’re all pullbacks from the highs. Niulai is up in the green today, and the other two are still retracing. While the overall market is flushing long positions, this kind of token that has already dropped far below its peak is generally more likely to bounce back first than the ones still sitting near the top.