Web3 gaming took a sharp nosedive recently. The sector's market cap tanked 67%, dropping to just $7.8 billion. Trading activity got sliced in half—volume fell to $2.2 billion, signaling weak momentum across the space.
The market sentiment told an interesting story. Fear and Greed Index surged to 76, hinting that altcoin season might be brewing. But then? Everything flipped. The index crashed to 28, plunging deep into fear territory. That swing from greed to panic reflects the sector's current instability and the broader uncertainty plaguing traders right now.
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LiquidationWatcher
· 9h ago
67% direct cut in half, this time it's really a bit uncertain...
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Fallen from 76 to 28, the emotional reversal is so quick, no wonder people's confidence is shattered
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Here we go again... the gaming chain keeps messing around like this every time
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$7.8b still playable? I doubt it
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Halving trading volume is truly incredible, who would dare to take over now
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From greed to fear, it’s just a momentary thing
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How many more times does the web3 gaming industry need to die before it survives?
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This wave of decline feels endless, keep waiting
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BugBountyHunter
· 9h ago
67% direct cut, this wave of Web3 games really took a hit.
The era of making quick money is over, now everyone needs to stabilize their mindset.
Fear/Greed index changes daily, this is just like a casino.
It's the same old trick, greed turns into fear, cycle after cycle.
It seems that projects that are truly working tend to last longer.
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MainnetDelayedAgain
· 9h ago
According to the database, the 67% drop this time has passed since the last promise of "Web3 gaming spring is coming" by... how many days? It is recommended to include it in the Guinness World Records.
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NFTHoarder
· 9h ago
67% direct cut, I really didn't see this coming...
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Greedy and panicking at the same time, it feels like all the retail investors are just acting.
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With the market so turbulent, who still dares to play chain games?
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$7.8b, asking is this the next bottom? Haha
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Trading volume halved, this signal is just too obvious.
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Fear drops to 28? Oh my, this is the real moment of rupture.
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Why do I feel like no one trusts the gaming sector anymore?
View OriginalReply0
VitalikFanboy42
· 9h ago
67% direct cut, now that's really called cutting leeks haha
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ser_ngmi
· 9h ago
67% direct cut in half, how cold does it have to get for this to fall like this...
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Fear drops to 28? Laughs. Those chasing the high now are probably still on the floor.
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Halving trading volume—what does that mean? No one dares to touch it at all.
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From greed at 76 to fear at 28, in just one day? Damn...
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Web3 gaming is really starting to buckle; it feels like a washout is needed before a rebound.
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Another "about to explode" turns into "actual collapse," same old routine.
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$7.8B still called a market? This looks like a clearance sale.
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With the sentiment index swinging like this, who dares to go all in? Just watching the show.
Web3 gaming took a sharp nosedive recently. The sector's market cap tanked 67%, dropping to just $7.8 billion. Trading activity got sliced in half—volume fell to $2.2 billion, signaling weak momentum across the space.
The market sentiment told an interesting story. Fear and Greed Index surged to 76, hinting that altcoin season might be brewing. But then? Everything flipped. The index crashed to 28, plunging deep into fear territory. That swing from greed to panic reflects the sector's current instability and the broader uncertainty plaguing traders right now.