The Wynd Network behind #加密市场回调 is actually quite interesting – it allows users to monetize their idle bandwidth, which in itself is a very Web3 business model.

The recent surge is mainly attributed to the round of tens of millions of dollars in financing in October, with established institutions like Polychain and Tribe Capital placing their bets, primarily focusing on business expansion and infrastructure. The entry of institutions is often a signal.

I checked the on-chain data, and the funds are indeed continuously flowing in, not in a sudden surge. That said, looking at the hourly K-line with this step-like rise, is it wise to jump in now at a high? The risk is evident. Everyone knows the volatility of altcoins; a waterfall drop could happen at any moment. If you're more aggressive, you might consider positioning a short at the high—of course, this depends on your risk tolerance.

The GRASS asset is still worth keeping an eye on, and there will likely be no shortage of suitable entry points when they appear.