Memes Again

In Partnership with $IO

The team at $IO continues its momentum on signing up demand side partners, this time with Phala. $IO will help provide H100 and H200 GPUs that help power Phala’s TEE technology. Read more here.

Memes Again

Sidelined participants are in disbelief. BTC is back above $65k, the S&P is hitting ATHs and the big memes are putting in 20%+ moves just on the day. ETH continues to be lame, with ETHBTC within 3% of 3 year lows while SOLETH is near ATHs again. Memes across the board are heating up and its feeling like March again. Alt outperformers on the day were primarily memes and included:

• SHIB

• DOG

• W

• BRETT

• ENA

• BONK

• PEPE

• FLOKI

From a mindshare perspective DOG is on top now and memes in general are gaining attention, led by HMSTR, WIF, PEPE, CAT and MOG.

Onchain continues to be paradise with DEX trading bot volumes now seeing strength in both ETH & SOL. MOODENG tapped $200mm and new launches across the board are for the most part very very strong. BSC is also getting its own pumpfun tomorrow, which will likely provide some fun new launch opportunities.

Onchain coins as a group were up +20%+ with relative strength seen primarily in memes:

• MOODENG

• MANIFEST

• WOLF

• RNT

• DOGGO

• SC

• USA

• DOGGO

• DOGE

From an onchain attention POV, MOODENG remains on top though attention is starting to recede (top soon?). Meanwhile newer coins omochi and DOGGO have seen big mindshare gains on the day. Other high attention tokens to watch include MOG, michi, FWOG, SCF and BILLY.

The new launch market is alive and well, with 0-5d old tokens with $80k+ balances including EDOGE, MARS, MASYA, INCEPT, PAI, PESTO, #dog and omochi.

Interesting projects getting smart follows:

• Cambrian

• Fhera

• Areb

• Arcade

In Partnership with NAV Finance

Berachain dominates mindshare in this space and the L1 is launching sometime soon. We’ve all seen how the L1 trade works, especially when it has real mindshare & a community, and there is a simple way to get exposure to Bera without having tons of capital to buy the currently listed NFTs. NAV Finance’s Berachain Maximizer gives depositors fractional ownership of Berachain NFTs, getting you direct access to the Bera/Honey airdrop when it comes. Use code Wizard to sign up and to read more about NAV’s thesis around Berachain, check it out here.

SMART MONEY CORNER - Presented by chainEDGE

• PAI was smart money’s favorite token of the day while BITCOIN also saw some notable buying

• QUIL, WOLF and BRETT all saw notable smart accumulation over the last week

• PESTO and HAMMY were the notable SOL flows for the day

• SOL smart balances still looking bullish, led by WIF, MOODENG, FWOG, SCF and michi.

MEME OF THE DAY