$76k BTC, ETH, DeFi Coins

Chart of the Day with Vertex

With ETH finally showing some strength, ETH beta memes are starting to look attractive. Today’s chart of the day is PEPE, which can be traded with up to 10x leverage at app.vertexprotocol.com.

$76k BTC, DeFi Coins

BTC tapped $76k before retreating slightly to $74.8k (up 1.5% over the last 24hr). ETH is showing strength for the first time in what feels like a year, with its price up 7% to $2.8k. ETH:BTC is also up ~7.5% in the last few days (but still down ~30% YTD). In the top 100 alt universe, there has been some notable 24hr strength in non-memes (for once) including RAY, ENA, LDO, ZEC and AAVE. For the last 7d, the strongest alts similarly were RAY, ENA, LDO, AAVE and memes GOAT and NEIRO.

DOGE is still leading in terms of perp mindshare, though attention has peaked and has started flowing towards ENA and FWOG primarily. The ETH ETF is actually starting to see inflows again too, hitting ~$50mm yesterday.

Onchain markets were mostly strong over the last 24hr, with Trump related memes falling (like MAGA, DMAGA, tremp, FRED, pnut and DOGE). GOAT is back to ~$750mm, providing some life to AI memes like SHEGEN. The biggest new launch runner of the day was SMR which went straight to $30m and currently trades at ~$20mm. The other popular launch was Lego’s new mascot, Cataclaws, which is currently trading at $2.5mm. Onchain outperformance on the day was seen primarily in non-Trump memes including:

• retire

• Me

• Peanut

• CATANA

• EARL

• SHEGEN

• Mars

• LUCI

• KEYCAT

• LUCE

• GRASS

PNUT and LUCE are still onchain mindshare leaders (with Pnut falling and LUCE rising), along with new launch SMR making it into the top 4.

In terms of DEX bot volumes, things have actually continued to trend bearish with traders likely chasing the majors and alts on leverage (if I had to guess). Volumes slipped below $100mm yesterday for the first time since late September (when onchain coins really kicked off). Look for an acceleration to see onchain memes really start to run.

0-5d old tokens with $100k+ of smart ownership included SMR, cataclaws and OSMI.

Interesting accounts getting smart follows:

• Memento Research

• something

• Hyperstition

• Vertical AI

In Partnership with Infinit

ICYMI, you can now get 25%+ BTC yields on Pendle thanks to Infinit’s airdrop campaign. By simply providing LP in BTC Pendle pools and connecting to Infinit’s reward page, you qualify for Infinit Stones which are convertible into the project’s airdrop token.

SMART MONEY CORNER - Presented by chainEDGE

• EVM smart money was seen buying Trump coins over the last 24hrs along with STICK on AVAX.

• EVM smart balances still looked strong for DOGE, BOBO, QUIL, JOE and WOJAK.

• On SOL, FRED, michi and HARAMBE led smart buying activity on the day

• While smart balances in general were still trending down outside of WIF and MOODENG

MEME OF THE DAY