$2,800 ETH & Good Coins Up Only

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$2,800 ETH & Good Coins Up Only

Alts across the board are performing well, with onchain coins definitely heating up with ETH recently hitting $2,800. Degen attention was on 2 new launches late last night and one new launch today. Last night AIUS, a decentralized AI project on ETH had a very successfully launch, running to a $1bn FDV (though only ~1% of the supply is circulating). The project is followed by folks at a16z and had a big amount of its circulating supply sniped, which caused some early concern (and good entries) on its eventual path to $1k per coins.

BLUE was another popular launch, grabbing $7mm of volume and hitting highs near a $20mm FDV (now trading at $10mm). We covered the upcoming launch of this project last week which is a ponzi ve(3,3) DEX on ETH.

Today’s attention grabbing launch was on PLUG, which hit a roughly $10mm ATH FDV on $5mm of volume. This project is the first ERC20 associated with the Berachain ecosystem, and has some gamified elements to it. PLUG was a chainEDGE smart money favorite new launch, receiving ~$240k in buys.

Other notable 24hr performers were COFFEE +76%, MND +71%, ZKML +73%, CELL +66%, DMT +44% and MOG up another 35% (now up 2.5x in a week).

Where is the degen volume trending? ETH with 8 straight days of relative volume outpacing SOL, though today’s was by a very small margin ($20mm vs $18mm). Seems to signal that ETH onchain will continue its run, though again Solana continues to hold its strength.

WHAT TO WATCH TODAY

• AIUS - the popular new launch decentralized AI project had $49mm of volume over the last 24hr, though emissions start in ~6 days

• BLUE - new veDEX launch with $294k of smart holders across 11 wallets. Notably very little smart money selling today despite the price dip and their average entry of $0.34

• PLUG - one of the only tokens to give you exposure to Berachain (until it launches), currently in a dip at $6mm market cap

• OPSEC - the only DePin coin that didn’t rug has been on an absolute tear, going from a $10mm market cap to $60mm in ~3 weeks.

• NMT - NetMind on BSC hasn’t been mentioned too much on the CT timeline, and is a layer 1 / AI project currently trading at a $10mm market cap

• MND - this AI project has been consolidating for months and recently had a 70% surge to a $8.8mm market cap.

• MINER - was exploited ~12 hours ago, with the token falling -90% but finding a floor at a $844k market cap. The project is going through audits and will do a relaunch, so worth paying attention to see how that plays out

• MOBY - have mentioned this one a few times now, but this “make ICOs great again” bounced 70% from the lows on $3mm of volume

• CELL - this 404 project looks like it will be heading towards ATHs soon, and has $150k of smart money holding

• MOG - looks like it will win the ETH meme revival wars, with it trading the strongest today and on $5mm of volume

• ZKML - this privacy project mentioned yesterday has increased to a $7mm market cap on $2mm of volume, and is starting to see some shills show up

THINGS TO KEEP ON YOUR RADAR

• STRK airdrop eligibility announced today, with claims live on 2/20

• C4SH404 - 3rd times a charm? This experimental implementation of gambling & Staking on DN404 tech has delayed its launch again to tomorrow

• NO HANDLE - this very hyped DN404 project is launching tomorrow

• PALETTE - will be having a presale on 2/20. This is a highly anticipated 404 project that is partnered with PANDORA

• BERACHAIN? Cryptic tweet around Berachain protocols coming

• OH BABY PARTY - another game by OhBabyGames picking up smart followers over the past day

• GIB - this memecoin launched today, and aims to be Polygon’s primary memecoin

• GRADIENT - Liquid staking project for the TAO network

If you’re looking for the next new launch or rotation, chainEDGE streams the activity of the top 0.01 of traders to help give you an EDGE in today’s market. Sign up today before SOL smart money data goes live

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• Notable smart money buying today in PEPE, RLB, BAI and TROLL

• Net sell flows were seen in AIUS ($106k), ZKML ($62k), MINER ($57k) and ASTX ($57)

• Smart money favorites (measured by number of $10k+ smart holders) have shown strong accumulation trends in CPOOL, BLUE, BITCOIN and MOG

• Pretty quiet new launch market over the past 24hr, with just Beraplug and Gumball Machine seeing notable smart money bids

• Switching it up today, and highlighting the token’s that have generated the most PnL for chainEDGE smart money. MUBI, PEAS, PANDORA and SAVM are the most recent ones, generating a collective $11mm in realized PnL across these tokens alone.

• PANDORA may end up being #1 here when its all said and done, with smart money still holding $548k of the token with an average entry of $9,388

MEME OF THE DAY