What the FWOG?

In Partnership with NAV Finance

Did your bags have a tough July? NAV’s directional SIPs did not. Like true smart money, NAV’s directional SIPs were up 2.56% in the month, beating ETH by over 800bps. You can read more in their investor update below, but this performance helps illustrate how smart crypto exposure via NAV’s managed SIPs can print regardless of market direction. Learn more at nav.finance and use code WIZARD to sign up.

What the FWOG?

It was a pretty negative 24 hours in terms of sentiment, with ETH down 1%, SOL down 4% and BTC basically flat. Calls for SOL trenches are “cooked” went viral while my entire timeline seemed to print millions on the CTO meme launch from Raydium. SOL received some fud today, claiming FTX holds 8% of the SOL supply via hidden wallets. While Kamala’s presidential odds increased 16% in the last 10 days.

Coinbase reported their earnings, which showed retail interest peaked in Q1-24 and now we’re just 27% higher vs. Q4-23 from a volume perspective.

Relative strength in alts was seen in CRV, AAVE, XEM and POPCAT. From a mindshare perspective, PEPE, AAVE, ARB and PEPE were the biggest 1d gainers.

The onchain market continues to be all about the NEIRO wars, with the 2 main tokens soaking up most of the market’s attention. FWOG also has been doing well and an ex-NEIRO war attention leader. And currently on the timeline everyone seems to be aping into 144p. Mindshare gainers on the day were MOG, BILLY, MICHI, aura and SELFIE.

Onchain relative outperformance:

• NEIRO on sol

• WAT

• FWOG

• aura

• FOUR

• SC

• SCF

DEX bot trading volumes on the day were down to $136mm from recent highs of $200mm+. The most interesting trend at the moment here is ETH taking relative share from SOL + BSC continues to gain steam (vs. BASE bleeding out).

Tokens aged 0-5d with $100k+ of smart holdings on ETH included Lexi, yawn and FWOG. While on SOL it was FWOG and new launch 144p 👀.

Interesting new projects getting smart follows:

• makememenow

• jokerace

• makenow.meme

• dumpy.fun

• aPriori

• Superbasedd

• Osprey

• Peeple.live

• Parlay Labs

• Cannon.tech

SMART MONEY CORNER - Presented by chainEDGE

• Pretty boring day in terms of ETH smart money flows.

• SOL flows were led by NEIRO, BILLY, SCF, MEW and FWOG.

• MUMU and SELFIE were the most notable top held by smart money tokens with 7d accumulation. While on the smaller end just FWOG seemed interesting/notable.

• On the EVM side, NEIRO retained its #2 spot while MIGGLES has the best looking 7d accumulation %.

MEME OF THE DAY