Bitcoin & Fartcoin

All eyes on 3/7 Crypto Summit

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Bitcoin & Fartcoin

TradFi markets bounced back today, with both SPY and QQQs up over 1% after Trump walked back the Mexico and Canada tariffs. BTC traded up 6% to $92k, with BTC dominance holding up at ~61% and change. ETH traded up to $2.3k and SOL to $149. Top 100 strength was led by MOVE which rose 25% along with ONDO, BCH and HNT which were up 15%+. It also seems that hot air rises, with Fartcoin trading up again today, rising 22%. All eyes will be on the 3/7 Crypto Summit for any sort of broader market catalyst. In other market news, expectations for further rate cuts this year are rising and Jump is coming back to crypto.

The rate of growth of new tokens in February was the lowest month over month since 2021, a further sign of how depressed the trenches are currently. With that said there have been at least some signs of a trenches comeback with new launches today with wildnout hitting $9mm and keeta trading at a $10mm FDV.

In Partnership with INFINIT

The chads at INFINIT continue to build, this time launching a Mindshare Agent.

Onchain strength on the day was led by WILDNOUT, along with MANSORY, GREED 3, MAG, COLLAT and Fartcoin.

pwease has held in at $15mm, but today attention shifted elsewhere. There isn’t really a discernable meta at the moment (at least to me), but it is good to see that mindshare is moving with prices again for the most part.

Photon trench volumes forming a bottom? Trench trading volumes are slowly grinding their way back up after the 3/1 bottom, but still are overall in a very depressed state.

Interesting accounts getting smart follows:

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SMART MONEY CORNER - Presented by chainEDGE

  • pwease and WILDNOUT were the most popular tokens with smart money on the day, led mostly by profit taking

  • GRIFFAIN, Fartcoin and arc remain smart money’s very small core positions at the moment.

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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.