Feeling Dovish?

The MNT Yapperboard Challenge is Live

Feeling Dovish?

Markets bounced a bit after a (somewhat) dovish FOMC meeting on Wednesday, highlighted by a material reduction in QT. BTC moved up to $86k before settling back to $84.4k currently while ETH is still just below $2k and SOL remains at ~$128. Despite the “dovish” impulse, both equities and crypto broadly gave back some of the gains today, especially ahead of the 4/2 reciprocal tariff date. It still feels like we’re getting close again to another period of “risk on” - take USDT dominance for example. Since 2020 around the current level there has typically been a risk on trough followed by higher EV gambling periods.

Within alts, today was pretty mixed, though over the last week there still has been pockets of strength. BNX and CAKE were far and away the best top 100 alts over the last week, while RAY has held up well despite the launch of pumpswap + PEPE has been the best performing meme. Since the 3/10 bottom, Fartcoin has also done well, rising ~90% → Bonk Guy collected clout on the token today, profiting 7 figs so far.

Chart of the Day with Vertex

The return of PEPE? I’ll keep featuring it because it keeps looking good. Strongest meme in the market + at a historical support level. Try app.vertexprotocol.com and trade PEPE with up to 10x leverage.

BSC season continues to be the main “meta” at the moment with BUBB one of the biggest recent runners.

Outside of BSC, KTA on Base has been the best place to be with the token continuing its up only path today + it’s up nearly 6x in the last week.

SOL coins in general have been taking a backseat with only a few tokens performing well → led by strength in titcoin which more than doubled on the day.

Fartcoin is back on top from a SOL mindshare point of view with newer coins PVS and pwease losing relative attention on the day in favor of YZY, arc and titcoin.

The SOL trenches are still completely cooked, and the vibes & volumes have not really improved. Bullx volumes, for example, have gradually been grinding down for all of March.

And this is partially driven by how awful the new launch market has been, with yet another day of no $1mm+ new launch runners at time of writing.

Interesting accounts getting smart follows:

• Bubb

• encryptSIM

• Defi Dungeons

• Tell a Tale

• Pluralis Research

• Selv Labs

• Dungeons of Fortune

• Lootbase

In Partnership with $IO

$IO has obviously continued to see momentum in its primary decentralized compute demand offering, but I think longer term there is a big growth opportunity from its recently launched IO Intelligence platform which allows builders to test, iterate and customize on top of all existing AI models (you should try it out, it’s awesome).

SMART MONEY CORNER - Presented by chainEDGE

• GOLD was the most bought token on the day from SOL smart $, but in small size

• titcoin has climbed into the top ranks of SOL tokens held by smart $, with Fartcoin and jellyjelly seeing traders cut back positions after the recent move

MEME OF THE DAY