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Any Bulls?
In Partnership with $IO
$IO has quietly amassed nearly $10mm in staked tokens (up $1mm from yesterday) and continues to see positive momentum in its daily network earnings, hitting $15k/day yesterday. $IO also just received an award from OdailyChina as a top 20 project. The combination of the renewed bid in AI coins, continued $IO staking adoption and daily earnings momentum should provide upside for the $IO token.

Any Bulls?
BTC is back above $60k and up 3% on the day, the S&P just hit fresh ATHs, the Fed will be announcing interest rate cuts tomorrow and yet it feels like folks are sidelined or just not paying attention. Alts are pumping double digits almost every day, with today’s leaders being:
NEIRO +109%
BIGTIME +35%
SAGA +26%
DYM +25%
TIA +14%
SUI +13%
TAO +12%
Specifically we’re starting to see VC coins outperform memecoins for larger market cap alts and it’s starting to really seem like we’re back. While there will likely be some sort of “sell the news” event tomorrow regardless of how much the Fed cuts interest rates, things are looking optimistic across the board.

Even DEX trading bot volumes are starting to look bottomed out with $80mm of volume traded yesterday, the highest in nearly a month.

Onchain outperformance was still led by memes, with the strongest on the day being newer token MOODENG:
Onchain mindshare was led by NEIRO again, though you will notice that most of the high attention tokens were also the strongest on the day (including Neiro, BOBO, MOODENG and SPX).

Interesting projects getting smart follows:
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WOJAK is one ETH meme that has seen a very consistent bid from ETH smart money over the last week or so

While most buying on SOL was still quiet

SOL balances were mixed, with strength in MEW, FWOG, WIF and mini

While EVM smart balances show strong accumulation trends in MIGGLES and WOJAK

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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.