Memecoin Supercycle (real)

In Partnership with $IO

While we’ve all been gambling on memes, $IO continues to ride one of the largest megatrends in the world: compute demand. This + $IO’s goated BD team has helped to push daily network earnings to ATHs (with it more than doubling in November).

Memecoin Supercycle (real)

Quiet weekend for BTC which has stuck around $90-91k while ETH also laid flat. SOL started perking up and is currently trading at $244. The memecoin supercycle is here, with BONK the leading horse at the moment. The BONK token has flipped WIF and is seeing more trading volume than BTC on Coinbase!

My quant says its going to be a big week. And this comes after a pretty wild week of runners including PNUT (which led 7d returns for the top 100). All of the strong top 100 coins did very well, with the strong major memes trading up 40%+ incl BONK, PEPE, BRETT and FLOKI.

BONK is now the CT mindshare leader (per Kaito), surpassing DOGE and DOG. There are some notable coins in this high attention framework that are likely undervalued at sub $400mm including FARTCOIN and ZEREBRO.

Chart of the Day with Vertex

DEGEN has been quietly cooking, running ~3x in the last 10 days. As largest the way to long “BASE” on Coinbase, this trend is likely not stopping anytime soon and you can trade DEGEN with up to 10x leverage at app.vertexprotocol.com.

Onchain mindshare flocked to newer tokens like eliza, BUCK and fur, which each traded massive amounts of volume. A small DeSci meta has broken out as well (led by Scihub I think).

Onchain meme performance on the day was choppy, with most AI beta memes falling 10-20%, led by softness in Zerebro and WORM. But the strongest performers were still up in a big way and included:

• RIZO

• LAIKA

• schihub

• vvaifu

• bop

• peanut

• OBOT

• eliza

• MIST

• ily

• AVA

• nomnom

• BULLY

• BUCK

Moonshot daily volumes surged past $10mm in the last few days and is showing no signs of stopping. While DEX bot volumes are also making new all time highs as well.

0-5d old tokens with $300k+ smart ownership included DOGECAST on both chains and was led by BUCK and AVA.

Interesting accounts getting smart follows:

• Higherrrr.fun

• Nyx

• Ringo_ring

• Pump Science

• Vector

Mantle & COOK

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SMART MONEY CORNER - Presented by chainEDGE

• SOL smart money was seen bidding LUCE, Banana, RIZO and bop with size

• BUCK has quickly become the most held token with smart money (+$10k), while balance trends for most others in this group has been waning (except for GAYCOIN).

• EVM smart money was primarily bidding LAIKA, and ElonRWA

• While balance trends were the most positive for DOGECAST, SBN and JOE while SHRUB balances declined sharply.

MEME OF THE DAY