Are Most Tokens Quietly Crashing? | Markets Daily
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 5 May 2025
⏱️ 14 minutes
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Summary
The latest price moves and insights with Jennifer Sanasie and Enzyme founder Mona El Isa.
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Enzyme founder Mona El Isa joins CoinDesk to discuss the current "strange bear market" in the crypto space, with a few assets remaining close to their highs while the broader market experiences significant underperformance. Plus, potential of a DeFi summer and the state of M&A in the crypto industry.
This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
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Transcript
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| 0:00.0 | Although it might not look like it to people on the outside, it feels like we're in a strange bear market. |
| 0:05.7 | There's a very small handful of assets that are holding up and staying close to their highs. |
| 0:11.1 | But if you look at the broader market of tokens, which have traditionally performed well or been more correlated to Bitcoin, there's huge underperformances. |
| 0:19.8 | We've seen huge down moves. And within this space, |
| 0:23.2 | I feel that there's a bear market within a market, if that makes sense. |
| 0:33.3 | Are we in a strange bear market? Our next guest says when we look outside the major market cap tokens, we see a different story. Founder of avant-garde finance and enzyme, Mona Elisa, joins the show now to unpack this more. |
| 0:48.9 | Mona, welcome to Markets Daily. Thanks for having me, Jen. What are you watching this morning? |
| 0:56.0 | Well, you know, |
| 1:02.5 | every time I turn on my sort of cornmarket.com lately, it's more or less flat. So I don't think a lot has been happening recently other than in a couple of assets that are being singled out, really. |
| 1:08.9 | It feels to me like the market is trading very sideways. |
| 1:12.8 | And although it might not look like it to people on the outside, it feels like we're in a |
| 1:17.8 | strange bear market. So what do I mean by that? There's a very small handful of assets that are |
| 1:25.4 | holding up and, you know, staying close to their highs um but |
| 1:29.1 | if you look at the broader market of tokens which have traditionally um performed well or been more |
| 1:35.4 | correlated to bitcoin um you know there there's huge underperformances you know we've seen huge down moves |
| 1:41.3 | and um within this space i feel that there's um you know a bear market |
| 1:48.1 | within a market if that makes sense so on some of those kind of smaller medium size tokens |
| 1:53.3 | and I'm turning my focus a little bit more towards that because you're starting to see |
| 1:59.2 | some tokens trading at ridiculously low market caps. |
| 2:04.1 | And when you take a zoom in and some of the projects, we've been doing some digging into |
| 2:08.3 | some of these projects. |
| 2:10.6 | You know, they're not your, you know, they're actually legitimate projects that have been around |
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