BTC Back Above $100k, Trenches Accelerating

$IO Accelerates AI

$IO continues to pick up momentum and is now #2 in 30d DePin revenue while its token has been a leader moving +57% in the last month. AI agents are accelerating things (as of today, 1 month revenue would be nearly $1.5mm 👀

BTC Back Above $100k, Trenches Accelerating

The vibes are currently immaculate with BTC back to nearly $101k, the Fed is cutting interest rates by another 25bps this month, ai16z hit $900mm and Fartcoin hit $600mm.

PS, wanted to share some newsletter stats given I just got my Beehiv wrapped. 1.5mm impressions and 48% avg open rate! If you or any project want to partner with us, just DM @onchainwizard on Twitter.

ETH & SOL had strong moves on the day and were both up ~6% (ETH has had $100mm+ daily inflows for like 3 weeks now). While top 100 strength included 20%+ moves in SUI, AAVE, LINK, VIRTUAL, dydx and PNUT (which got listed on Coinbase).

AI agent mindshare continues to be led by AIXBT, while Zerebro, Thales and Dolos were mindshare gainers on the day.

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The onchain market is back to accelerating, which means we’re back to having fun. Onchain strength was primarily in AI related tokens, though there were a few memes as well. GRIFFAIN soared to $232mm, ai16z hit $900mm, Fartcoin flipped Groupon at $600mm and new launch runners of the day were PULSR ($16.5m) and LGTB ($30m). Onchain losers of the day were KNOT, Milo, FRIC, SKICAT, luigi, devin and TSOTCHKE.

AI tokens dominated onchain mindshare, which was led by arc on the day (data from chainedge and includes token volume). GRIFFAIN, horny, ELIZA, MTL and prawn were also notable attention gainers on the day.

The trenches have re-accelerated, which is a good sign for onchain coins. TG volumes are back above $250mm from the sub $200mm lows while Photon volumes bounced from ~$100mm to nearly $200mm.

Notable 0-5d old coins with $100k+ of smart balances included arc, PULSR, luigi, ME, hAIez, HAIL, timmy and TAIGER.

Interesting projects getting smart follows:

• Tachi

• Taiger Global

• AgentYP

• Embr Labs

• Thefarm.fun

• Trench timmy

• Big Pharmai

• TrenchCorp

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SMART MONEY CORNER - Presented by chainEDGE

• JAIL, ELIZA, Mizuki and APPLE were the notable SOL smart buys on the day

• From a balances perspective, new launch aping is definitely on the rise, with smart wallets concentrating positions into newer coins like arc, PULSR, Luigi and JAIL (along with obviously holding nearly $7mm in Fartcoin.

• ETH smart flows were led primarily by KIBSHI

• While balances were more bearish outside of CULT and BITCOIN

MEME OF THE DAY