Feels Like We Are Back

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Feels Like We Are Back

The vibes are definitely improving with basically all assets green on the day. The S&P was up 50bps, BTC was up 4% while ETH & SOL were up 3%. It really is starting to feel like we’re back, with BTC above $60k, Saylor buying $1bn of BTC and the BTC ETF getting inflows again. Alts are starting to move with double digit gainers on the day including CKB, TRU, TURBO, SYN, SAGA, COTI, MEW, POPCAT and TAO.

Notably this isn’t just a meme rally, with things like TAO, QNT, FTM and FET all up 28%+ in the last week.

From a mindshare perspective, CAT and SUI remain leaders while the largest 1d attention gainers were CKB, BIGTIME, REEF and DOGE.

Similarly, the onchain markets are also mostly green, with the rally in both AI coins (like GNUS) and memes (like SPX). The strongest onchain tokens on the day included:

• GNUS

• CATDOG

• MOTHER

• SPX

• SCF

• MAO

• GINNAN

From a DEX bot trading volume perspective, SOL is starting to make a comeback while overall volumes at $50mm today are still well below the $100mm+ we were averaging post February.

From an onchain mindshare point of view, CATE is now firmly in the lead after rallying to $35mm ATHs today followed by SOL memes in FWOG and SCF. It appears that attention is slowly shifting back towards the SOL meme ecosystem as ETH coins (and especially non meme ETH coins) lose their attention share.

Interesting projects getting smart follows:

• EVMai

• Felend

• Boundless

• Cipher Labs

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SMART MONEY CORNER - Presented by chainEDGE

• MOG, LIT, GNUS and VISTA were the most notable coins with EVM smart money on the day

• While POPCAT, MOTHER and mini led the way on SOL

• SOL smart balance trends are still looking bullish, led by accumulation in FWOG, WIF, PONKE, mini and MUMU. LUCI is the only newer token with $100k+ of smart holdings.

• While on the EVM side, RLB, MOG and MIGGLES were accumulation winners. CATE notably has cracked the top 10 list.

MEME OF THE DAY