Lock In Szn

In Partnership with Io.net

The Internet of GPU continues growing, with nearly 84k verified GPUs on the io.net network. This recent research piece is worth checking out to understand what makes Io different, which includes their clustering stack, speed of implementation and of course the ability to aggregate GPU DePins.

Lock In Szn

The SEC is expected to announce a decision on a spot ETH ETF later today, which is obviously where all the market attention is. ETH has held up at $3.7k while BTC slipped to $69k. Calls to “lock in” are at ATHs (and of course the Lockin meme coin has surged to $4.7mm ATHs).

Onchain attention is of course bifurcated between memes & AI, with newer AI projects SPEC and AIGPU dominating ETH utility chat discussions. While Lockin & Zack have led on the meme side of things. DMT is a notable onchain outlier hitting ATHs after launching SankoPet. TG daily trading volumes have remained consistent over the past few days, but with ETH taking relative share to 33% of total, the highest since March.

NVDA beat earnings estimates, so there will likely be some flow through to AI coins. But onchain relative strength still lies with (primarily eth) memes including:

• kekec

• ZACK

• mumu

• Andy

• JOE

• DMT

On the day, we saw notable smart $ accumulation in MAGA and new launch KEK along with profit taking in DMT. On SOL, looking at tokens less than 10 days old, ZACK is far and away the leader with $215k of smart holdings followed by FUACK and GMCAT.

Here are the most interesting new projects getting smart attention (without tokens):

• Iron

• Slapcity recent SOL presale

• Odin

• Adrena

• FinalChapter

• EaveAI

• Zigma

• dmarqt

• Splice

• Oracul

• SatLayer

• Symbiotic

• Zigma

• Mamba

• degen.fund

The Future of Restaking Begins 6/17

Vector Reserve built the first multi-asset liquid restaking solution that gained $20m+ of TVL with its EigenLayer native vETH. The project is set to rebrand as Kernel Protocol & launch a suite of Karak-native LRTs including ksETH, krETH and kUSD on June 17th.

SMART MONEY CORNER - Presented by chainEDGE

• Notable smart buys in the past day on AMPL, SPX, DEGEN, and kekec

• From a smart activity perspective, SOL has definitely been slowing down with only large buys into MANEKI and WIF over the past 24hr along with newer launch PJ at $39k.

• SOL memes saw smart trimming across the board. Notable exception was bonk with a 152% increase in smart balances in the past week

• QUIL and basedAI still standout with positive 7d accumulation in the tokens held by smart money (sorted for dollar holdings).

MEME OF THE DAY