BTC Taps $69k

In Partnership with Tabichain

ICYMI, the Tabi testnet has been live for a few weeks now. Importantly, Captain Node holders will be eligible for Tabi pre-mining on 10/21 ahead of its TGE later this quarter 👀.

BTC Taps $69k

Bitcoin tapped $69k on the day and is up ~1% over the last 24hr. ETH & SOL were also up ~1%. The BTC ETFs had another decent day of inflows at $274mm and BTC.d is still at multi year highs.

Strongest top 100 alts on the day were SAND, AXS, PENDLE, ONDO, BEAM, DOGE and WLD. DOGE in particular is also the biggest mindshare gainer of the week, and now leads our perp/CEX attention score.

Onchain performance broadly was mixed, but GOAT and adjacent tokens are still going straight up. GOAT hit $400mm today and GNON has cemented itself as the strongest beta play, surging to $80mm+ this evening. Onchain outperformance on the day was softer than we’ve seen this week, and was led by:

• GNON

• RTR

• GINNAN

• DOGE

• DEEP

• PHIL

• BILLY

• FOREST

From an onchain mindshare point of view, GNON has also quickly found itself at the #2 spot behind GOAT. Other high attention tokens to watch include SYDNEY, GIGA, FOREST and Daram.

Another solid day of DEX bot volumes (especially for a Friday), with SOL dominance hitting 70%+ (the highest since July’s peak and May).

0-5d old tokens with $100k+ of smart money holdings were SOL memes and can be found below:

Interesting projects getting smart follows:

• repligate

• Shl0ms

Mantle & COOK

The mETH protocol which launched in November 2023 has quickly grown to become the 4th largest ETH LST with a peak TVL of $1.74bn. Following the success of mETH, the Mantle ecosystem will be launching cmETH (liquid restaking token) and COOK (governance token). This is the first ETH LRT that is backed by an entire ecosystem and a sizable treasury. $cmETH removes the complexity found in restaking and allows users to have a seamless yield bearing experience without the hassle of moving their LRTs around. The COOK TGE will be here very very soon as well 🍳

SMART MONEY CORNER - Presented by chainEDGE

• BOTTO, TRUMP and Daram were EVM smart money favorites on the day

• While the blank token and FART were the most popular new launches with SOL smart money

• EVM smart balances were unchanged but on SOL, GOAT balances are trending down (as they usually do on a $100m+ runner), but GNON is now in the top 10 and mini, michi and moodeng all saw decent 7d accumulation

MEME OF THE DAY