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It’s feeling very 2021 esque out there, with the S&P 500 hitting new highs, ETH is now 5% away from ATHs, Gold is hitting ATHs and this time we’re doing it with much higher interest rates. SOL actually outperformed ETH on the day (+13%) and maybe is about to start mounting a comeback vs ETH (as SOLETH has fallen 41% in the last 6 months). OTHERS dominance also starting to look like its ready to make a move higher.
In terms of other notable outperformance within the top 100 coins, Fartcoin is back to being cool again after a 24% move, with other strength in LINK, JASMY, RAY and AERO.
In the onchain world, ORANGE was the runner of the day - it hit our proprietary trading volume feeds very early on in the chainEDGE trading terminal and hit our portfolio alerts at $3mm. For anyone looking for a unique and improved trading venue for new launches, try https://trading.chainedge.io/ (connect to Phantom and use ref code J53XcB to get started).
ORANGE was unsurprisingly the SOL onchain mindshare leader of the day, with BWE and LIGHT other notable attention gainers.
In terms of non-new launches, tons of memes caught a massive bid in the last 24hr including BoatKid, JUGS, TANAKI, San and Nailong, each rising 40%+.
TG trench volumes looking like they are going much higher from here, with ETH still looking strong vs. SOL (but this excludes trading terminals).
Interesting accounts getting smart follows:
SMART MONEY CORNER - Presented by chainEDGE
SPARK and Fartcoin led smart money buys on the day
With Spark and Tokabu being the smart $ favorites by $10k+ wallet counts (along with BILLY on Base)
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.