GOAT Hits $300m

Mantle & COOK

The mETH protocol which launched in November 2023 has quickly grown to become the 4th largest ETH LST with a peak TVL of $1.74bn. Following the success of mETH, the Mantle ecosystem will be launching cmETH (liquid restaking token) and COOK (governance token). This is the first ETH LRT that is backed by an entire ecosystem and a sizable treasury. $cmETH removes the complexity found in restaking and allows users to have a seamless yield bearing experience without the hassle of moving their LRTs around. The COOK TGE will be here very very soon as well 🍳

GOAT Hits $300m

BTC tagged $68k today but over the last 24hr was flat, along with SOL & ETH. Top 100 alt outperformers on the day were memes (DOGE, MOG, BONK) + SUI. The BTC ETF saw another day of over $400mm of inflows while the Trump WLFI presale has only raised $12mm so far.

Overall onchain was choppy as money chased the leading coins, like GOAT which has soared past $300mm. Some Murad’s List coins were down on this dynamic, with SPX, LOCKIN, BITCOIN and mini all down double digits. But there was still really strong performance in the strongest memes, including:

• FOREST

• WYAC

• MSTR

• NPCS

• DOLAN

• jerry

• SMURFCAT

• GOAT

• glorp

• SKBDI

GOAT is still by far the attention leader, with a merry go round of attention moving between AI bot beta plays (for example Gmika, SHEGEN and Tree were all down 20-60%). Current high attention tokens within this meta included MEDUSA, Tilly, Gmika and FOREST. Additionally new animal launch Bakso gained material mindshare on the day. MEDUSA was notably the only 0-5d old token with $100k+ of smart holdings.

DEX bot volumes still strong at ~$160mm, with ETH making a bit of a comeback lately.

Interesting projects getting smart follows:

• SAN

• Luna

• Dolos

• Ulys

• Kyte

In Partnership with Tabichain

ICYMI, the Tabi testnet has been live for a few weeks now. Importantly, Captain Node holders will be eligible for Tabi pre-mining on 10/21 ahead of its TGE later this quarter 👀.

SMART MONEY CORNER - Presented by chainEDGE

• EVM smart money was seen bidding older ETH memes like Smurfcat and JOE, along with BasedAI

• While 7d accumulation trends looked decent in BOBO, BITCOIN and ANDY

• SOL smart money bet big on MOODENG today, along with newer coins like MEDUSA and MEOWMEOW

• Smart money took ~$800k of profit just today on GOAT as it hit $300mm. Smart balances in general were down in top tokens outside of MOODENG

MEME OF THE DAY