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IO continues its network earnings momentum, growing 18% in the past month. Meanwhile the BD team also keeps signing meaningful partnerships, with the most recent from Theoriq
BTC Slips on NVDA China Ban
Equities were flat on the day, but tech stocks are trading down after hours following the US admin banning NVDA chips to be sold in China. BTC slipped 3% to $83.4k while ETH & SOL fell 5% to $1.5k / $125. All top 100 alts (excl OM) were flat to down on the day. Within the same group, XCN and Fartcoin were by far the strongest coins over the week (both up 60%+). Overall a slower day for the majors and alts, with OTHERS dominance closing the day at the lowest levels since 2021. Pumpfun and Pumpswap hit ATH 24hr volumes today and Elon actually did want to make children with Tiffany Fong…
Chart of the Day with Vertex
TRUMP has a $316mm unlock on the 18th and traders are expecting a quick crime candle/Trump tweet ahead of it to get the price up. Still, TRUMP looks destined for longer term down only following the unlock. Try app.vertexprotocol.com and trade TRUMP with up to 10x leverage.
The trenches are back alive with runners on the day including Fur hitting $6m, drawify hitting $4m (and plenty of others running to $1mm+). Existing coins took a backseat to trench gambling, though there was notable strength in ESIM and FAT.
TG trading volumes continue to grind higher with people running back into the casino after a few months of crying.
Axiom has been sucking up trading bot market share since its launch, now running more volume than Photon and Bullx combined.
Interesting accounts getting smart follows:
SMART MONEY CORNER - Presented by chainEDGE
Probably one of the highest days of smart $ activity on SOL in months, further showing that the casino is back open. Fartcoin and memecoin led smart buys on the day
From a balance perspective, traders are still selling runners very quickly, with only core positions in Fartcoin, titcoin and memecoin.
MEME OF THE DAY
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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.