It could be capitulation but I feel that we need another move down to shake out the longs before things go back up. For some reason, I just feel that the bad news hasn't ended yet because there are probably a ton of cryptos affected by FTX.
Either way, SEED has taken a hit but it's doing better than the overall market. The losses haven't been as large.
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Hmmm dropping big in the last hours, since seems that DAO felt off a cliff. Still researching if there's something more behind of it's just a few largeholders unstaking and exiting (feels like it so far).
Faith in crypto was hit hard. I am not surprised to see people just get out for now until it's safer in the future.
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