GOAT ATH + AI Memes (Again)

In Partnership with $IO

We are all not bullish enough on $IO, which has 10x’d their daily earnings in the last 3 months while being 90% cheaper than market incumbents.

GOAT ATH + AI Memes (Again)

Another day of basically everything straight up. The stock market made new highs and BTC is currently up to $76k. SOL surpassed $200 and SOL.d is now 3.82% (vs. ETH at 20% at the peak of 2021 👀). The Fed cut interest rates by another 25bps and the BTC ETF IBIT saw $1.1bn of flows yesterday. Retail is starting to come back with Coinbase app rankings going from 400+ pre election to 110 yesterday (and ADA was a top performer on the day). Other top 100 alts with material strength included CRO, NEIRO, GOAT, PYTH and JUP.

Onchain is heating back up with DEX bot trading volumes re-accelerating to $140mm+ the last 2 days. And the move in GOAT back to near ATHs of ~$850mm has helped to kick off AI memes (again).

Onchain relative strength was dominated by AI memes but also included DOGE (which has now hit $140mm) and LABUBU (which is going viral in the US).

• GROGGO

• SBR

• MAJOR

• GOVAI

• YOUSIM

• CATGF

• zerebro

• CHAOS

• WORM

• e/acc

• LABUBU

• DOGE

• Shoggoth

• Fartcoin

• SHEGEN

• JARVIS

Onchain mindshare is currently being led by new launch UPONLY along with other memes like Pnut, MOG and GINNAN + some AI memes like LOLA and ZEREBRO (and probably Jarvis).

The new launch market in general is back to being open, with the day’s most popular launches in SERV, UPONLY, MONKEY and SMR all doing well. Below are the 0-5d old coins with $100k+ of smart balances.

Interesting accounts getting smart follows:

• LOLA

• Echo

• Mothman

• Makimo

• Uomi

• MemeOS

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SMART MONEY CORNER - Presented by chainEDGE

• UPONLY was the most popular new launch with smart money though MONKEY has the best 1d retention

• SOL smart money was seen bidding MONKEY, WORM, MANEKI and SMR

• SOL smart balances at the top end showed quite a bit of profit taking along with rotations into smaller memes like WORM which saw balances rise 50%

• EVM smart money mainly was seen bidding NMT on the day

  

• While accumulation trends looked good in DOGE, BOBO, QUIL, JOE and WOJAK

MEME OF THE DAY