Berachain Is Real?

In Partnership with $IO

IO partnership team continues to be goated, highlighted by the recent partnership with Nillion Network (which will use $IO’s decentralized clusters). Demand continues to grow for IO’s decentralized GPU resources, with daily network earnings growing +11% month over month.

Berachain Is Real?

Another down day in crypto while equities (and gold) rip. BTC slipped to $97k, ETH to $2.8k and SOL to $199. FTT was the strongest top 100 alt on the day (is SBF about to get a pardon?). While over the week, OM, DEXE, HYPE and MNT were the only coins with positive strength.

We’re at an interesting part of the cycle, with BTC dominance hitting cycle highs (~61.5%), while all alts are down really bad from their respective ATHs (see below). Currently it feels like people are either (1) losing their money trench gambling or perp trading, (2) have full ported HYPE or (3) swapped everything to BTC and are chilling.

Chart of the Day with Vertex

MNT continues to be one of the strongest coins in what has been a pretty rough week in crypto. Try app.vertexprotocol.com and trade MNT with up to 10x leverage.

Onchain coins continuing their bloodbath trend, with everything down 15-20% incl GRIFT, MOBY, arc, FLOYDAI, Fartcoin, GRIFFAIN, SNAI, FWOG and UFD. The trenches still are producing a runner of the day (with SSE hitting $50mm), but outside of that there were limited pockets of strength. Top non-new launch performers of the day included Buttcoin, KAPPA, Fartboy and LUCE.

Mindshare gains mostly concentrated towards newer coins like SSE, Calicoin and Buttcoin, with everything losing attention. The Pain pre sale is also getting a lot of hype - and they actually make a good move to refund 80% of its ~$37mm presale funds.

TG trench trading volumes have had a hard reset down to summer 2024 levels of ~$200mm - and this volume is still only chasing new launches while all existing tokens bleed out. People stopped “believing in something”.

0-5d old tokens with $200k+ of smart holdings included SSE and Calicoin.

Interesting accounts getting smart follows:

• tapestry

• Upward Signal

• Curve

• Strategy

• Dexari

• Blast

Study Strength, Study MNT

I keep talking about how 2025 is the year of Mantle, and its current strength is confirming the thesis. The token has held up extraordinarily well, likely driven by its packed roadmap for the year, along with the plentiful rewards MNT lock + stakers receive from the Mantle rewards station.

SMART MONEY CORNER - Presented by chainEDGE

• Smart buying on the day led by fern, Buttcoin and SSE

• Smart balances still looking ok for Fartcoin, MLG, LUX + the one smart wallet holding $500k of Floydai (lol).

• EVM balances looked pretty boring, with some slight net buying on the day in BANANA.

MEME OF THE DAY