Are We Back?

In Partnership with $IO

$IO announced an expanded partnership with Leonardo AI, who will provide enterprise-grade L40S GPUs. $IO’s partnership will help Leonardo AI scale efficiently and meet the increasing customer demand for its generative AI content production services.

This expanded partnership helps highlight the strength of the BD team at $IO, which will drive demand side usage leading to increased utilization and protocol earnings.

Are We Back?

Everything is pumping, with the S&P up over 2% on the day, BTC up 7%, ETH up 10% and SOL up 3%. Big outperformers included SUI, TIA, ZETA, SAGA, TAO, SEI and INJ. Biggest “news” or event of the day was the rug of RTR, a token that many believed was backed by Trump. Even the Co-Founder of SOL retweeted RTR related info (before deleting). The onchain trenches will be licking their wounds for a bit after this one

In terms of alt mindshare, XRP, ARB and TON were leaders, while 1d gainers in attention included TOKEN, TIA, DEGEN and SUI.

In terms of onchain attention, MOG, SCF, GINNAN and BTW were leaders. 1d gainers in mindshare were MOG, SCF, LOCKIN and mini. While GINNAN and wDOG were the big mindshare losers on the day (though were still in the top 10.)

The onchain market as a whole saw a pretty big bounce today with a lot of coins up 40%+, with the leaders being:

• FWOG

• CHUD

• HABIBI

• RFD

• USA

• BRAINLET

Onchain DEX bot trading volumes spiked again on the day to nearly $150mm. In terms of relative share, it’s all about SOL at ~72% of total volume, with nearly every other chain seeing share losses.

Tokens aged 0-5d with $100k+ of smart holdings (aka new launches to watch) included FUKU on ETH and wDOG on SOL.

Interesting new projects getting smart follows:

• dawn

• Nudge

• Predict.fun

• Korat

• Airhead

• Gmon.fun

• Onchain Heroes

• QuillAI

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SMART MONEY CORNER - Presented by chainEDGE

• On the EVM side, smart money had notable bids in MKR, BITCOIN, TOKEN, ATX and RFD.

• Smart money was ready to roll on RTR, with $818k of gross buys (RIP). Other notable buys on the day included DOG, Bonk and FWOG.

• Top end SOL balances have not looked this bearish in multiple months (or ever), with most of the major memes seeing 10%+ balance declines. Notable exceptions were PONKE, BILLY and DADDY.

• On the EVM side, balances were flat for most coins with big declines on NEIRO and MOG. Miggles saw a slight decline but is back into the top 10.

MEME OF THE DAY