X @Yuyue

Market Sentiment & Token Performance - Bonk's price experienced a decline following the announcement of its public offering, indicating negative market reaction [1] - Platform tokens' potential success hinges on overall market conditions, specifically Bitcoin dominance (BTCDOM) decreasing and capital flowing into altcoins [1] - Thriving on-chain activity is crucial for platform tokens' success, suggesting that a shrinking ecosystem poses a challenge [1] Launchpad & NFT Market Dynamics - The relationship between various Launchpads is interdependent, implying shared vulnerability [1] - Referencing Blur's token launch, a minor bottom in the NFT market preceded the token's release, followed by a temporary rebound and subsequent decline [1]