Crypto Expert Warns of Potential Exhaustion in Meme Coin Rally

Popular crypto analyst Altcoin Sherpa has flagged a possible pause or reversal in the recent altcoin bull run, noting that the current rally across many meme and low-cap altcoins—such as POPcat and SUI—has generally lasted between one and two-and-a-half months.

Crypto expert warns of potential exhaustion in meme coin rally

Popular crypto analyst Altcoin Sherpa has flagged a possible pause or reversal in the recent altcoin bull run, noting that the current rally across many meme and low-cap altcoins has generally lasted between one and two-and-half months.

Sherpa shared comparative charts highlighting these bullish phases, with durations ranging from 44 days to 73 days across various tokens.

While these runs have been substantial in terms of price appreciation, he notes they tend to follow a predictable pattern in terms of duration and volume surge.

In a follow-up analysis, Sherpa pointed out that POPcat is showing early signs of a potential double top—a bearish chart pattern where two peaks form at similar price levels, often signaling a trend reversal.

He noted that the token has made a lower high and is now pulling back, though he doesn’t believe the bull cycle is necessarily over just yet.

The next few days should be pretty telling. We'll see if this is a temporary correction or if we're seeing a more structural shift in sentiment.

The crypto expert also shared his thoughts on Cetus, a Solana DeFi protocol that was recently exploited for over $254 million. Sherpa believes that this hack could have a significant impact on the broader crypto market.

"Cetus on Solana just got exploited for 250M+," Sherpa disclosed on X. "This could be huge for the market as a whole. The thought of a 250 Mil exploit in today's market is wild."

However, despite the massive scale of the hack, Sherpa remains optimistic about the long-term prospects of Solana.

"I still think Solana has potential, but they'll need to recover from this quickly and efficiently," he added.

This development comes as Binance announced its support for SUI tokens, aiming to facilitate seamless integration with the SUI ecosystem and provide optimal trading experiences for users.

The move is part of Binance's broader strategy to expand its offerings in the rapidly evolving DeFi and Web3 domains, catering to the diverse needs of its global community.

As the crypto market continues to evolve, analysts and traders will be closely monitoring these trends and their implications for the major cryptocurrencies, such as Bitcoin and Ethereum.

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