🩸Blood in The Water, BTC Taps $93k

In Partnership with $IO

$IO’s growth has been well covered here. But what has not been covered is the potential growth from AI agents paying for their own compute using $IO 👀

🩸Blood in The Water, BTC Taps $93k

BTC fell 5% from its peak, and got to as low as $92.7k before bouncing back to $94k. ETH was up 1% while SOL was down 6%. CEX coins continued their merry go round of random rotations, with LDO, WIF, ARB and AAVE all showing strength while SAND, MANA and RAY were all down double digits. The BTC ETFs saw flows turn negative today after 5 days of inflows, and BTC dominance has shaved ~300bps from the peak. But looking at Others dominance, it doesn’t really look like we’ve had much of an alt season at all just yet 🤞

From an overall mindshare point of view, CHILLGUY is now #2 behind DOGE (partially driven by yesterday’s Binance listing rumors). Memes in general were all showing attention gains, including FWOG, BONK, PNUT and POPCAT while AI mindshare declined.

Chart of the Day with Vertex

LDO showing a lot of strength today and the chart looks pretty good with a strong move off the local bottom. Try app.vertexprotocol.com and trade LDO with up to 10x leverage.

Onchain took a bit of a beating today, especially AI coins which were down 15%+ across the board. The trading AI narrative is currently hot, with AIXBT running to $80mm and some strength seen in FLOWER. Zerebro, Ai16z and FARTCOIN lead AI mindshare, though as mentioned earlier, the market feels exhausted by the AI meta currently.

The new launch runners of the day are also proving the point that AI is not currently in favor, with FRIC and BOB each hitting $15m+. Onchain strength on the day was led by memes and select AI coins including:

• DK

• RIZO

• STNK

• PURPE

• Flower

• KACY

• SHEGEN

• ASS

• GRASS

• AIXBT

FRIC also led onchain mindshare on the day, followed by KACY and RIF. MUSTARD was the largest attention loser on the day followed by ai16z.

Moonshot volumes showed a small acceleration today, growing from $9m to $10mm. With TERRY, RIZO and CHILL the most popular tokens by far.

Photon volumes also slightly climbed on the day to $217mm, but still pretty far off the peak.

0-5d old tokens with $100k+ of smart ownership included Beeard on Base along with:

Interesting projects getting smart follows:

• HyperTools

• Taogods

• Golden Fish DAO

• DolorMachina

In Partnership with Infinit

Looking to earn airdrop points and launch an AI agent token? Infinit just launched an AI agent with token launcher where you can create an agent + token within minutes while earning 5x Infinit stones. Learn more at launcher.infinit.tech

SMART MONEY CORNER - Presented by chainEDGE

• Smart money was seen buying WIF, space, GRASS and FARTCOIN on the day

• Balance trends were a bit more mixed, with Chillguy, Fartcoin and Worm showing strength

• EVM smart money bought SBR, LAIKA and AIXBT in the last 24hr

• While balance trends in general looked pretty bearish for the most part

MEME OF THE DAY