ai16z Flips GOAT + Fartcoin ATHs

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ai16z Flips GOAT + Fartcoin ATHs

BTC bouncing back a little today to $97.5k while SOL was up 1% and ETH was down 1%. ETH ETFs saw a record $306mm of flows vs. BTC’s $439m. The Magic Eden token dropped today and is currently trading at a $5.7bn FDV. And MSFT voted no on its BTC reserve.

BTC dominance is up ~200bps from the lows to ~57% and my quant says $94k/$3.5k/$200 are the key support levels for the majors (if we lose these, its lights out). Top 100 strength on the day was driven by BGB, XDC, RAY, OM and ONDO, which were all up double digits.

Overall alt mindshare is stlil led by AIXBT, though it has been trending down. Fartcoin is back to its #2 spot, with other high mindshare AI coins including BULLY, ai16z, Zerebro, LUNA and CENTS.

Chart of the Day with Vertex

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SOL AI coins having an incredible run despite a softer market. ai16z flipped GOAT and Fartcoin is now at ATHs (and flipped Denny’s). SOL AI dominated onchain strength today and was led by:

• DEVIN

• MOTHER

• SEND

• KNOT

• KOMA

• aimonica

• GRIFT

• degenai

• ELIZA

• fxn

• QGG

• JAIL

• Ai16z

• Fartcoin

   

ARC was the largest onchain mindshare gainer (and was the new launch runner of the day currently trading at $30mm). AI coins broadly led onchain attention outside of Luigi and newer launch PNET.

0-5d old coins with $150k+ of smart ownership included CULT and the below SOL coins:

DEX volumes continued their bounce today after going down only from the 11/20 peak. Moonshot similarly saw volume growth vs. yesterday.

Interesting projects getting smart follows:

• Playgrounds

• Chosen.fun

• Cognisys

• nomAI

• arcdotfun

IO Understand it Now

$IO signed another huge partnership today with Mira and again is hitting ATHs in daily network revenue at $45k. Network earnings have made another step change higher from the $35k level, likely driven by AI agent compute demand. $IO remains one of the best AI infra plays to ride rising AI agent compute demand trends.

SMART MONEY CORNER - Presented by chainEDGE

• ME, CHILLGUY and DEVIN led smart money buying on the SOL side of things

• New launch arc quickly amassed $2mm of smart holdings, Fartcoin continues to see accumulation and GRIFT looks interesting here.

• EVM smart money was seen bidding VIRTUAL, ANDY, WILD and BERRY.

• While balance trends looked pretty weak across the board.

MEME OF THE DAY