Crypto Capital of the Planet

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Crypto Capital of the Planet

Another day of boredom in the market, with BTC & ETH flat and SOL down 3%. It was a day of flippenings, with Drift flipping Polymarket in prediction volume while Photon flipped SOL in 30d fees. Trump also commented today that he will make the US the “crypto capital of the planet” if elected President.

IBIT flows were negative today for only the second time since the ETF launch, a sign of the current market’s pessimism.

The spike in Tron DEX volumes and its launch of a pump.fun competitor has taken the air out of SOL and SOL memes in the past few weeks, though it appears to be rolling over after its peak a few days ago.

Alt outperformers on the day were RDNT, ZRO and PENDLE. While mindshare gainers on the day were PEPE, KEY, ENA, TRX and DOGS.

ETH coins making a bit of a comeback from an onchain mindshare perspective with MOG, PNDC, BOBO and NEIRO all in the top 10. Coby was the largest 1d gainer in attention while Neiro was the biggest loser.

Tokens with Onchain relative strength:

• BRUH

• KEYCAT

• RAPR

• KEROSENE

• PORK

• CLOUD

• BUB

• UWU

PHIL and BRUH on ETH both were new coins with $100k+ of smart chainEDGE ownership.

Interesting projects getting smart follows:

• Soneium

• SOON

• Barrel

• Abstract

• Instapump

• Parallel

In Partnership with $IO

$IO continues to see a surge in tokens staked, which were up 11% in the last day to ~890k tokens worth over $1.44mm. Also check out the upcoming spaces with $IO CEO Tory Green on September 4th to learn more about the project’s vision.

SMART MONEY CORNER - Presented by chainEDGE

• LTD the most popular ETH token with smart money on the day

• While SCF was far and away the leader on SOL smart money flows

• A continuation of the trend we’ve been speaking about, smart balances on SOL continue to trend down after TRX season

• While the EVM side looks a little better with YIELD as a standout from an accumulation perspective

MEME OF THE DAY