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- $95k BTC + Near Record Inflows
chainEDGE is Money
You know when high PnL traders start ramping up activity that it’s becoming profitable to trench. We’re also starting to see traders rack up decent wins this month. Try chainEDGE today and find your edge.
$95k BTC + Near Record Inflows
Equity markets were flat on the day, while BTC tapped $95k again. IBIT saw its 2nd best day of flows ever (another sign that we’re so back?). BTC dominance has held in at 64% and OTHERS dominance is still bouncing around from the bottom. Switzerland supermarkets started accepting XMR as payment and Spain lost power.
On the week TRUMP was still the best performing top 100 alt, driven by the “pay for a dinner” crime candle. BONK also rose 59% after launching bonk.fun, a launchpad competitor to pump. SUI, WLD and FLOKI rounded out other 50%+ gainers on the week → FLOKI pumping also seems like everything is going much higher again.
Chart of the Day with Vertex
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It’s been a good week for shitters. Within bigger coins, VIRTUALS, PENGU, TURBO and ai16z all doubled.
While newer favorites like HOUSE and TROLL were up over 7x during the week.
The trenches overall are still in a pretty good place, with plenty of recent runners including DUPE, SUPERFRIEND, MvG, Let’s Bonk and Hosico.
In older coins, strength on the day was led by PASTERNAK, Wizard, VIRTUAL, TROLL and ai16z
DUPE and SUPERFRIEND were the most notable mindshare gainers on the day, with all of the top 6 being pretty interesting tokens at the moment.
TG trench volumes have started to cool down again from their recent run, but things are still better than they were a few weeks ago.
Interesting projects getting smart follows:
SMART MONEY CORNER - Presented by chainEDGE
Fartcoin and PASTERNAK led smart SOL inflows on the day
While Hosico was probably the most notable new coin with meaningful smart $10k+ holders
PRIME, REI and REKT were inflow leaders on the EVM side
MEME OF THE DAY
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Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The author may also have positions in the tokens mentioned in the content, so please do your own research.