ETF Next Week?

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ETF Next Week?

BTC was flat on the day but ETH and SOL were up another 2%. Tomorrow will likely be a higher volatility day with CPI in the morning. The ETH ETF is estimated to launch as soon as next week (yet the timeline is silent about it). Trump is going to speak at the Bitcoin 2024 conference, furthering the “pro crypto president” narrative. Meanwhile the German government is getting closer to done with its selling, having only 15k BTC left to go.

Alt strength today was seen in MAVIA, ONDO, JASMY, ZK, LDO and SATS, with MAVIA leading the way at +27%. From an attention point of view, ZRO is still leading the way, and was today’s largest attention gainer.

In the trenches, rocky was the biggest 1d gainer in attention, surging to nearly 13% or the #1 slot. BILLY and mog were relative attention losers while aura also saw an attention spike. Other high attention tokens of interest includes michi, MATT, retardio, PEIPEI, BOBO, MUMU, lockin and SPIKE.

Memes with relative strength today:

• rocky

• Zack

• TEA

• SAGE

• SPIKE

• JASON

• BIAO

From a DEX bot trading volumes point of view, Base is down bad, BSC keeps growing and SOL continues to dominate. From an absolute dollars point of view we may be forming a bottom at ~$80-100mm/day.

Tokens 5d old or less with $100k+ of smart money interest on the EVM side were MATT and BWORM. While on SOL it was rocky.

Interesting new projects getting smart follows:

• Valhalla

• Kingdom

• Pluralis

• GameCoin

• nucade

• 0xequity

• The Grand Exchange

• Hyperlend

• TON Hedge

• Morphic

• HappyChain

SMART MONEY CORNER - Presented by chainEDGE

• EVM smart flows were quiet on the day, with the most notable being BWORM seeing $123k of net selling but retaining $270k of smart ownership.

• SOL smart bids into BILLY, JEB, rocky and TRUMP

• Smart accumulation at the top end was seen in BILLY, michi, DADDY and lockin. Smaller balance accumulation was seen in nub, WOLF, MUMU, retardio, aura and HARAMBE.

• On the EVM side, PEIPEI has shot to top 3 by smart dollars held while QUIL is also making an appearance back into the top 10

MEME OF THE DAY