I sense a storm coming our way, moving from north to south.
Should we name it ?
Hurricane Bearolina
Good one.
Is it really a hurrycane or just a dropical storm?
EDIT:
my take:
dropical storm Bigbart
I am thinking that the severity of our current storm is somehow related in a kind of exacerbated way to some purging of froth that seems to be taking place in the ethereum (and perhaps related) space. It may be too early to call that dynamic, and surely there are likely a decent number of 14 year old snot-nosed investors in ethereum, defi, yield farming et al that deserved to be purged to zero or somewhere in the vicinity of zero and to verify if they are still committed to such projects after a wee bit of froth purging. Hard to know, exactly.
Valid option, imho.
VitalikCoin is dumping even harder, like many other Alts. Don't know how much the defi crap is dumping at the time.
Surely, we do not watch those shitcoins too much in this thread, but does not seem to be off-topic to denigrate them from time to time, including the fact that fees have been so damned high on ethereum in recent times that it makes it much more disincentivized to be moving value around, so it would seem reasonable to conclude that a decent number of retail (and smaller potato investors) are getting screwed by ending up locked in various arrangements that they are not easily able to move out of, in part based on the cloggness of their sham purported to be network...many 14 snot-nosed must be crying about losing their allowance, as we type, no?