Animal Spirits Roar Back Into Markets—Empire Declares New Era of Speculative Frenzy
Wall Street’s primal instincts are awake—and they’re hungry.
### The Return of Irrational Exuberance
Empire’s latest market pulse check confirms what crypto degens already knew: greed and fear are back in the driver’s seat. Trading floors might as well install jungle gyms.
### Liquidity Tsunami Fuels the Madness
With central banks still playing bartender to drunk markets, risk assets are partying like it’s 2021. Meme stocks? Pumping. Altcoins? Mooning. Your financial advisor’s blood pressure? Soaring.
### The Cynic’s Corner
‘Animal spirits’—because ‘reckless gambling’ doesn’t look as good in quarterly reports. Just remember: every speculative mania needs greater fools. Applications now open.
A look at the price action of Pump’s token, courtesy of Blockworks Research
And, as folks recalibrate their expectations, Hadick noted that there seems to be more interest in pump.fun competitors like Bonk than in the OG launchpad. It doesn’t help that there could be a Bonk airdrop, Hadick believes.
“ Bonk is sharing more revenue with the creators. And so there is more demand…or there’s more incentive from the creators themselves,” Hadick noted.
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