Great weekly recap of Arena Trenches
Weekly $Arena Trenches Recap:
The war FUD knocked the wind out of the $avax trenches and the crypto market in general, but the worst of the selloff seems to have subsided (fingers crossed).
While some traders took profits or cut losses aggressively on their larger positions, others rotated or repositioned capital into conviction plays.
$lambo $ID $wolfi emerged as clear leaders, with distinct narratives underpinning a bullish thesis for each (OG crypto meme + universal appeal / DAO governance + treasury firepower / beloved OG avalanche mascot + based founder)
Tokens with ponzi mechanics like $fomo and $wife are following the natural downwards progression as emissions fizzle out.
Two emerging outliers - $puff and $meow - are showing promising signs of strong social presence and community building.
While a highly original meme like $emini struggled to stay above $1mil mkcap, small caps like $PHARM $BJUB $GOAT showed resilience despite market conditions.
Best performing new launch of the week $FUEL fell sharply after the initial surge.
Comment the ticker you're most bullish on for this new week.
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