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Aura Maxxing
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Aura Maxxing
Wild day with core CPI coming in hotter than expected. The S&P fell 1.5% at the lows but ended the day up as did the majors, with BTC leading the way up 2%. Kamala is back to leading on Polymarket following last night’s debate. While SUI has been the strongest alt over the past week and is the market’s leader in terms of mindshare. Other alt outperformers on the day were PENDLE and CAT.
Over the last month however, FET, AAVE and FTM were far and away the strongest coins, up 39%+.
The onchain market also saw a nice bounce for most tokens, with CATE on eth and Aura on SOL being the most notable $4mm+ outperformers. DEX bot volumes in general remain weak with ETH still ahead of SOL from a relative share perspective. CATE remained the only 0-5d old token with $100k or more of smart holdings.
From an onchain mindshare perspective, PNDC, BRAINLET and BOBO were the largest attention gainers on the day while SCF, LUCI, BILLY and wDOG were the largest losers.
Interesting projects getting smart follows:
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Boring day for EVM smart money with small bids on LIT, MISHA and AXE
While SOL remains the weaker chain with next to zero activity
SOL smart balance trends starting to look better than the EVM side on the top end. POPCAT, michi, FWOG and PONKE all saw strong 7d smart money accumulation.
The EVM side saw smart balances down across the board, with the most extreme in RLB and KOIN.
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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.