Make it Stop

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Make it Stop

Things are getting ugly out there. TDG got liquidated again. BTC was down another 2% to $56k. ETH fell 4% to $3k. Marketwide there was $435mm of liquidations yesterday and another $383mm today. While most alts were down 5-20%+, there was a few pockets of strength, notably ZRO +13%, BONK +7% and WIF +2%. Headwinds from Germany selling BTC and Mt Gox starting repayments have overshadowed the ETH ETF launch in the next 2 weeks, leading to a further decoupling from stocks (which are hitting ATHs again today). PEPE, WIF & DOGE were perp coins attention leaders today.

Onchain, Billy continues to dominate attention, and was up another 30%+. Other attention leaders in this group included MOG, DADDY, JASON and new launch mao.

Relative strength was seen in a small handful of coins (primarily SOL coins), including:

• TAP

• GIGA

• mao

• BILLY

• TRUMP

• LOCKIN

DEX bot trading volumes continue to trend down, with SOL consistently putting up 3x more volume than ETH.

Tokens 10d old or less with $100k+ of smart money interest includes MOJO, JEFFRY, and BUD on ETH. On SOL, it was led by mao, HERO and hehe.

Interesting new projects getting smart follows :

• Nudge

• Juicy

• Abstract

• Futa

• Sentient

• Sensys

• TonLayer

• NOT Protocol

SMART MONEY CORNER - Presented by chainEDGE

• ETH smart flows were led by PEPE, KERN and mog.

• SOL smart money was seen buying BILLY, TRUMP, mao and michi.

• Smart $ was seen taking profits in most SOL tokens across the board, with abnormal accumulation in WIF, BILLY and MUMU

MEME OF THE DAY