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AI ATHs
In Partnership with Vector Reserve
Vector just dropped vPoints, an improved way to aggregate EigenLayer Points and the various LRT rewards points into a single Point, with exposure to all key liquid restaking rewards. vETH, sVEC and svETH holders all accumulate vPoints (and svETH offers ~60% APRs).
AI ATHs
The large cap AI coins are all putting in ATHs today ahead of NVDA’s AI Expo conference in a few weeks. RNDR, FET and TAO are now all firmly at all time highs, with DEX AI coins running in unison. Big DEX winners on the day within the category include CHAT, MND, TBANK LAI and PALM.
AI Smart money favorites include OLAS, TAO, NMT, more degen coins wBAI and TAS, along with new launches UNITAO, TAOx, and TAOBOT. The non-major meme coins have also been picking up momentum, with MOG hitting ATHs, BASE memes like Doginme doubling overnight and of course the misspelled meme phase on Solana led by jeo boden which ran to a $43mm market cap in ~4 days.
On ETH, the day was filled with a lot of new AI/TAO new launches, with notable coins including TAOX, UNITAO and SORA. We also saw the SHIB deployer launch a new token WFO, which aims to be a player in the oracle market. The Mong deployer also launched a token yesterday, JUICE, which is a new TG trading tool. DePin also remains the other important narrative to watch, even after some of the drama around OPSEC today. Smart money of course likes the AI and DePin category as well, accounting for most of our holdings leaderboard (by number of $10k+ holders).
We’re nearly back to the open interest levels of Monday, which climbed to $45bn before the $1bn flush we saw on Tuesday.
ETH, SOL and now BASE are the homes for degens based on daily volumes. ETH continues to retain its top spot with a whopping $64mm of volume yesterday, followed by SOL at $31mm and BASE at $2.4mm.
WHAT TO WATCH TODAY
New Launches - The new launch markets are running pretty hot for utility coins on ETH and memes on SOL/BASE
Wormhole releases its airdrop checker
Duper, a social war game, launched its genesis program
PUFF minting is live for Mantle’s memecoin and ends soon
ZEN TGE at 6pm UTC today
LOOTER TGE at 5pm UTC today
K9 Finance TGE at noon EST today
AETHER TGE today as well
AI Coins - CHAT, TBANK, MND all up ~50% over the past 24 hours, while GLQ, TAO and NMT touch ATHs
1 ONDO = 1 CONDO - ONDO also hitting ATHs
Memes - MOG tapped $500mm, while Base and Solana memes seem to have the market’s attention
New Shiny Coins - ORAIX, TAOX, JUICE, TAOBOT, SORA, FGPU and of course Briun Armstrung all saw $100k or more of smart buys in the past 24 hours
An Airdrop to Watch
MetaStreet recently showed off a $10mm loan via their LCT product. There’s only 60 days left on their ASCEND points campaign. MetaStreet is an established lending platform backed by CT favorites like Andrew Kang and DCFGod. If you are looking for a solid airdrop farming play, use my code to get started:
ANNOUNCING A $10M MEGA @cryptopunksnfts LOAN MADE POSSIBLE WITH METASTREET LCTs
DON'T MISS THE NFT FINANCE 2.0 TRAIN
60 PUNKS, FINANCED BY >5,000 LENDERS ACROSS 2 RISK LEVELS, WITH $15M OF SECONDARY LIQUIDITY IN @CurveFinance & @Blast_L2
— MetaStreet 🏦 (@metastreetxyz)
3:36 PM • Mar 5, 2024
THINGS TO KEEP ON YOUR RADAR
BeFi Labs launching soon
Galadriel - AI L1 picking up smart follows
SHFL LBP on Bazaar on 3/10
RWA - upcoming RWA project LBP
Entangle TGE on 3/13
Tabi Chain a cosmos gaming L1 dropped their testnet this week
GRVT launching beta testnet on March 19th
ORBK token launching very very soon 👀
Tensor Space - A GPU project is picking up a lot of smart follows
SMART MONEY CORNER - Powered by chainEDGE
AI coins, RLB, TRUMP and MOG are driving inflows over the past 24 hours.
Net selling was seen in OPSEC, RBN, SCALE, TAOx and BLENDR
Though smart money wallet 🚀 Late Mover 0x777...695 was able to flip OPSEC for a $29k gain during the volatility
Less than 10 day old tokens with smart money interest include ZKHIVE, TAS, BLENDR, TAOx, NAO and EEFI.
In terms of 1 day BASE flows, we saw smart money as net buyers in BLAD, Briun Armstrung, catinme, BRETT, FROK and MONG
Very hot day of new launches, with 9 new tokens having over $100k of smart buys. Notably 2 Base launches showed up in the new launch digest today.
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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.