ETH & Base are Back

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ETH & Base are Back

Quiet day for the majors, which were essentially flat on the day. Just a few alts with relative outperformance, including WIF, DYM, DAR and IO. Meanwhile the odds of Biden dropping out of the presidential race have soared to 87% today.

Onchain continues to be an attractive place to gamble with MIGGLES and LOCKIN both hitting ATHs today. BANANA also tapped ATHs on the announcement of its upcoming Binance listing. Onchain attention was led by MOG, though mindshare gainers on the day were LOCKIN, BANANA, miggles, KAMA, mini and SHOG.

Relative strength today across ETH, SOL and MIGGLES:

• MIGGLES

• tooker

• FIGHT

• AZUR

• hehe

• NEURAL

• mini

• LOCKIN

• RETARDIO

• HOPPY

• BANANA

• PIRATE

For those of us still locked in, there is an important shift going on. ETH Dex bot trading volumes have flipped SOL for the first time since March. Volumes in general have also picked up to ~$150mm/day in total, with BASE relative share also getting a big boost from MIGGLES.

Tokens 5d old or less with $100k+ of smart money interest included MIGGLES, SWAG, TELANG, FIGHT, PEEZY, BTC and PENDY on the EVM side of the market. With ZERO tokens meeting our typical signal requirements on SOL.

Interesting new projects getting smart follows:

• henlokart

• Shape

• HyperBet

• Pvp.trade

• Trendies

• Uzra

• Augment

• Weweswap

• Qusar

• The Sink

• Meridian

• Quantico

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SMART MONEY CORNER - Presented by chainEDGE

• Pretty quiet from an EVM smart inflows perspective, with BANANA leading and MIGGLES seeing ~$400k of profit taking

• While WIF and LOL led smart buying on the SOL side (with BILLY and michi leading sell flows)

• At the top end, POPCAT remains the smart money favorite with ~$7mm of total smart holdings. POPCAT and WIF were the most notable from a 7d accumulation trend at the top end. On the smaller end, smart balances were mostly down, with mild accumulation seen in USA and AURA.

• MIGGLES has shot to the #4 spot by smart dollars held on the EVM side at $1.7mm, with the most notable balance changes being position trimming in TRUMP and PEIPEI. No other tokens with notable accumulation outside of the newer 0-5d tokens mentioned earlier in the post

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