On-chain markets have experienced significant volatility over the past two weeks as momentum cools, with most previously popular tokens declining more than 50% and newly issued assets performing poorly. Bonk Guy noted that recent market movements align with earlier expectations, marking a sharp contrast to the strong performance seen in the preceding months. Despite the downturn, Bonk Guy advised against selling high-conviction positions due to short-term weakness, emphasizing that holding through market dullness is more challenging than buying during rallies. He maintains that the fourth quarter remains the key focus period and views the recent months as merely a prelude, warning that investors who exit now may regret it if the market resumes its upward trajectory in the coming weeks.