A few weeks back, I got some airdrop from a BTC staking project and seeing that through market was in a downtrend I decided to claim first before thousands of people did. I claimed and immediately swapped that to USDC.
If it was a favourable market condition I could have been tempted to just opt to earn 55% APY for staking the token, but because I knew that the market was going to dump, I decided to sell the token.
It was a very solid BTC project that raised over $120M from their ICO, but then I still sold the token because of the market condition. In a stable or green market, I'd earn some fair profit for staking.
The token was about $1.1 when I decided to sell it and after a few days it was about $0.4. So a lot of people actually decided to sell as well because of the market condition. Everyone was thinking the same.
In September 2025, people would be staking the token because the market was pumping overall. A lot of people has learned some vital lessons about the market in 2025 and this is the fact that, the market dumps whatever is in front of it no matter the quality of the project.
This project is top 10 project in BTCFI at the moment, and very solid, but the price still dumped anyway as a result of the market and people taking profit as well.
Market is tilting towards fear over conviction
I saw a post by a whale who said they're leaving Hive and powering down. I don't think if it's an early April fool's prank they're trying to play or they actually are leaving for real.
Hive
So I was talking to some about the situation, and he told me a little stuff about this whale that's trying to leave, and from what he told me, it looks like this guy is also probably frustrated with the market, the way prices have dumped, the unexpected disappointment of alt season, and also that had to do with some of their other investments that didn't go rightly.
Also I saw this guy comment on the proposal post, he probably didn't like the idea of someone also putting out this proposal and maybe accompanied by other real life situations they've been going through. But then yes, this users says he's leaving, and he didn't seem like the type that would up and leave without leaving and traces of unpleasant remarks, but I guess it's what it is.
Is this 100% the fault of Hive?
I'd say no and that's because the market is in chaos. I'm talking about the alt market.
It's experiencing a huge pummeling at the moment and a lot of people are obviously angry for reasons we can clearly see, and they're basically reacting to it by powering down, selling everything, complaining hard, ranting everyday, feeling sad and then suddenly regretting everything.
I get the feeling, the market sneaked up on everyone. A lot of people have gone without even writing a goodbye text, and there are those who actually wrote a final post before leaving. While a lot of people are mostly angry because of the DHF issues, I think everyone that's interacted with the general alt market will know that it's a bloody market out there. Will Hive survive it all?
Well I don't know.
It should, development are silently happening, people are building in silence and some others wants nothing to do with this space anymore, while others have completely switched over to holding BTC for the sake of their mental health. I think this year and next year will be crucial as 2028 will be the pump year.
Somehow I think anyone should quit whatever they're holding if they think it'll bring them peace. I think these next 2 years will bring some unexpected turn of events and I hope to witness it.