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Bonk Guy: Market sentiment is low but may give rise to opportunities, on-chain market conditions are expected to improve

Well-known trader Bonk Guy posted that although the current crypto community generally believes that the on-chain trading environment has fallen to historical lows, approximately six new tokens have reached a market capitalization of over 100 million to 300 million dollars in the past four months, and dozens of new tokens have completely diluted valuations (FDV) exceeding 10 million dollars.Among them, tokens such as PONS, ANSEM, CASHCAT, AI, and STONK have all reached FDVs of at least 300 million dollars. Despite the deterioration in market structure, there are still tokens that occasionally experience significant price increases. Compared to the period before the emergence of Robinhood Chain, and the sluggish period after the issuance of the TRUMP token last year, and before the initial rise of BonkFun, the current market is far from reaching its historical worst levels.Although the current market environment is not as bullish as it was a few months ago, it does not mean that on-chain trading opportunities have disappeared. As market sentiment is dominated by pessimistic views, it is expected that the market may soon warm up, with the recovery speed potentially faster than most people's expectations. It is recommended to pay attention to tokens that performed well in the last round of market trends and have high confidence, and consider gradually positioning during pullbacks. Historical experience indicates that some tokens may not only return to previous highs in the next round of increases but may also rise further, and the biggest opportunities in the market often appear before mainstream sentiment shifts.

Galaxy Digital's Q3 net profit reached 323 million USD, and adjusted EBITDA reached 455 million USD

Galaxy Digital released its Q3 2026 financial report, with a net profit of $323 million, turning around from a loss of $85 million in the previous quarter. Adjusted EBITDA reached $455 million, total assets increased by 51% quarter-on-quarter to $16.4 billion, and cash, stablecoins, and U.S. Treasury bonds totaled $4.9 billion, nearly doubling quarter-on-quarter.In terms of digital asset business, trading volume increased by 12% quarter-on-quarter, outperforming the overall spot market. The combined scale of asset management and staking grew by 46% quarter-on-quarter to $10.4 billion, and a multi-year cooperation was established with BNY Mellon to provide staking support for its digital asset custody platform.The data center business saw adjusted EBITDA increase nearly fivefold quarter-on-quarter to $69 million, mainly from the first full operational quarter after the delivery of 133 MW computing power from Helios Phase 1 to CoreWeave. Phase 2 has been fully financed and commenced, with the company completing a $3.5 billion senior secured bond issuance, expanding the overall power pipeline to over 5.7 GW, and the data center is expected to start delivering in Q2 2027.In terms of capital operations, the $200 million repurchase plan initiated by the company in February was completed on October 15, with approximately 9.8 million shares repurchased. The board approved a new $200 million repurchase limit on October 26.

The Gate event market "Macro Prophet" activity has begun, with a prize pool of 70,000 USDT focusing on the U.S. midterm elections and macro data

According to official news, the WCTC × Gate event market "Macro Prophet" activity has started and will last until November 25 at 16:00 (UTC+8), with a total reward value of 70,000 USDT. Eligible users who complete the WCTC S9 main event and register for this activity will be able to participate in the distribution of a reward pool valued at 20,000 USDT, provided that the daily effective trading volume in designated sectors related to the U.S. midterm elections and macro data reaches 200 USDT for at least 3 cumulative days.A separate cumulative trading volume leaderboard has a reward pool valued at 50,000 USDT, where users meeting the corresponding conditions can receive event market experience vouchers worth up to 8,250 USDT in total. The Gate event market has also launched a macro market special page, which visually displays the event probabilities, trading volumes, and market expectations for topics such as Federal Reserve interest rates, inflation, and employment, providing users with a reference for observing macro trends.Meanwhile, as of October 27, the total prize pool for the 11th phase of the Gate event market points activity has reached 70,049 USD, with the points prize pool being 11,074 USD and the lucky prize pool being 58,974 USD. The top position on the points leaderboard is expected to receive 4,152.75 USD. In conjunction with the ongoing League of Legends World Championship, Gate's "Summit Prediction Competition" is simultaneously offering a total reward pool valued at 150,000 USDT, covering initial predictions, phased trading tasks, canyon power rankings, and championship predictions, combining event result judgments with multi-stage participation tasks.

Duan Yongping's estimated unrealized loss on his holdings in Pop Mart is approximately HKD 1.87 billion to HKD 2.12 billion

According to the Hong Kong Stock Exchange's equity disclosure, Duan Yongping holds 106,716,000 shares of Pop Mart (09992.HK) through his investment entities, accounting for 8.01% of the issued shares. Based on the stock price of HKD 132.50 on October 27, the market value of the holdings is approximately HKD 14.14 billion.In terms of cost, Jiemian News quoted market estimates on October 26, indicating that the average comprehensive holding cost is around HKD 150 per share; Lan Jing News previously estimated the comprehensive cost to be about HKD 152.32 per share. The corresponding paper losses are approximately HKD 1.868 billion and HKD 2.115 billion, with loss ratios of about 11.67% and 13.01%. The relevant purchase records are: 9.8232 million shares bought on May 25 at an average price of HKD 150; 4.66 million shares bought on May 28 at an average price of HKD 162.5; 10.59 million shares bought on July 6, calculated at approximately HKD 150; and an additional 1 million shares on September 1 at an average price of HKD 155. The first three transactions total approximately 25.07 million shares, with an investment of about HKD 3.816 billion, and a weighted average price of approximately HKD 152.4.The above is based on media estimates of costs and is not the actual investment gains and losses disclosed by Duan Yongping; part of the underlying position comes from options trading, and the complete holding cost cannot be independently verified solely based on public information. Pop Mart's announcement shows that overall revenue for the third quarter of 2026 (unaudited) is expected to decline by 45% to 50% compared to the third quarter of 2025; a decline of 25% to 30% in China, 65% to 70% in the Asia-Pacific region, 70% to 75% in the Americas, and 50% to 55% in Europe and other regions; offline channels in China are expected to decline by 5% to 10%, while online channels are expected to decline by 45% to 50%.
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