Memecoin Bounce

In Partnership with Vector Reserve

Not only is Vector transitioning from inflationary to deflationary tokenomics but the team also forfeited 50% of their VEC allocation to divert funds to its treasury and Institutional Reserve. Up next, Vector will be launching an exciting new category of liquid restaking that will create a step-change in the liquid restaking ecosystem.

Memecoin Bounce

The majors have bounced ~4% off their recent lows, with relative onchain strength seen in memes:

• SC

• Tooker

• KEYCAT

• PAC

• JOE

• POPCAT

Memes again seem to be the only thing that can catch a bid onchain. In general, things are very quiet, with some calling for a bottom on $500mm+ BTC ETF outflows. Coinbase also reported blowout earnings after the bell. FriendTech was slated to launch its v2 earlier today, but it appears it may be delayed again. Sleuths have found some of the recently deployed contracts by FT, and have sketched out a nice diagram of how v2 may work (see below):

Upcoming projects, narratives, launches to follow:

• chainEDGE launches Smart Follows

• Oasis

• WorldPVP launches next week

• Unrevealed launches soon

• Royco

• Infora

• Momentum

• Redmilio

• Sarma

• Redstone

• Kiosk

• Stripchain

• Noya

• Sovereign

• AIGPU

• Overload

The Biggest DePin Launch Yet

Io.net ‘s token is estimated to launch this month and its CEO just provided an update on its Ignition Rewards Program for Seasons 1-3. io.net’s ability to create decentralized GPU clusters across multiple locations sets them apart from other GPU aggregators on the market. Clustering is an essential practice in machine learning as model training and inferencing requirements increase day by day. Most GPU aggregators can't cluster GPUs and only offer access to a single instance. io.net is the only network that can build decentralized clusters and users can access compute from the array of GPUs on the network from anywhere around the world at 90% cheaper than the competition.

SMART MONEY CORNER - Presented by chainEDGE

• Notable EVM smart money bids throughout the day into RBN, FJO, XNET and KEYCAT

• Very quiet day on SOL, with MEW, SC and PUPS leading smart buying

• We’ve added a lot more wallets to our SOL data as we move towards exiting beta. MICHI looked the most notable at #4 by dollars held behind boden, POPCAT and WIF.

• EVM holdings showing mostly position trimming for smart money outside of FJO, OPSEC and RLB. Notably 3 BASE memecoins have made their way into the top 10 by # of $10k+ smart wallets: KEYCAT, doginme and TOSHI.

MEME OF THE DAY