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Mantle Q2 Roadmap
Mantle just released their Q2 letter to token holders, revealing some of their biggest moves yet.
From a tokenized index fund with an initial commitment $400M to crypto-native banking, and upcoming strategies — there's a lot to unwrap.
Here’s your no-fluff overview 👇
— Mantle's Reply Guy (Revival Arc) (@MantleIntern_)
4:18 AM • Apr 3, 2025
Batten Down the Hatches
Trump’s tariffs came in much worse than expected, sending equity markets into their worst one-day sell off since Covid. The S&P is down 8% since 4/1, QQQ is down 9% while BTC is actually up - everyone is obviously wondering if GME or Saylor is propping up the market given the abnormal strength BTC is showing.
China has already retaliated with its own 34% tariffs on US imports, and Trump’s 4/2 tariffs would bring the overall tariff rate above Smoot-Hawley (which is quite bad). Traders that were holding out hope for the Fed to step in were disappointed by Powell’s commentary today as well.
BTC dominance is basically sitting at 4 year highs of 63% while OTHERS is down 14% on the week (not much worse than equities). OTHERS dominance is now bouncing at 2023 lows, with sentiment/prices/positioning on alts feeling like a full blown bear market.
The worst performing top 100 alts on the week were PI, BERA, UP, MOVE, JUP and TIA.
Chart of the Day with Vertex
It’s do or die time for SOL here. This level has been defended for more than a year and the trenches need a bounce. Try app.vertexprotocol.com and trade SOL with up to 10x leverage.
The new launch trenches have never felt this dead in years, with TG trench trading volumes down to summer of 2023 levels. But onchain in general is still actually doing ok, led by the four horsemen of Housecoin, titcoin, Buttcoin and Fartcoin (which were all up 20%+ today.) Figure and FAT were also notably strong, and overall the existing onchain token casino is still open.
From a mindshare point of view, things were essentially similar, led by Fartcoin, titcoin and BUTTCOIN.
Trench volumes are now firmly in bear market territory.
While SOL’s trench market share is back on the rise.
Interesting projects getting smart follows:
In Partnership with $IO
Interesting read from Nansen on $IO
Check out the latest @nansen_ai report for an in-depth analysis of @ionet's fundamentals, tokenomics, and market potential. ⚡
Read the full analysis here ⤵️
— io.net (@ionet)
3:03 PM • Apr 4, 2025
SMART MONEY CORNER - Presented by chainEDGE
titcoin, Fartcoin and buttcoin the only tokens with any smart holdings left basically
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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.