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Memes Running Again
Mantle is Pumping
The MNT token is up 30% in the last week as people come to appreciate the strength of Mantle’s network, treasury and its constant efforts to reward MNT holders. There are also some wild non-inflationary APYs available to MNT stakers currently that are definitely worth checking out.
Memes Running Again
BTC broke $100k on the 5th, sold off down to $96k, ran it back to $102k and now we’re at $100k again. The timeline has been filled with top signal chatter and as recently as yesterday called for the end of “meme coins”. Memes were actually the strongest horses on the day (and for the first time in a bit), led by PNUT, FLOKI, PEPE and WIF. MOG was the strongest performing meme over the last 7d, running +45% while HBAR and CRV were the overall 7d leaders after 2x-ing. PEPE now has hit $10bn, while POPCAT and MOG are in a race for the top cat coin.
ETH recently broke $4k and SOLETH is down 11% in the past week, while ETH ETF inflows continue to look very good, led by $430mm of flows on 12/5.
AIXBT still leads alt mindshare (as of yesterday), though this has been trending down. LUNA, BILLY and CENTS were other AI mindshare leaders. Moodeng, Bonk and PNUT were the notable meme mindshare leaders on the day.
Chart of the Day with Vertex
Memes are breaking out again, and PEPE is one of the strongest coins (and is gunning for SHIB). Try app.vertexprotocol.com and trade PEPE with up to 10x leverage to ride this meme breakout (or short it if this is really the top, coward).
The onchain market has still been led by SOL AI strength, with ai16z running to $700mm (and getting close to flipping GOAT). The strongest AI coins on the day were GRIFFAIN (shilled by Toly), GRIFT, TSOTCHKE, ALCH, GNON, BINARY, nothing and CHAOS. Onchain memes also showing some strength led by LUCE, MUMU, FWOG and the one and only Rizzmas.
chainEDGE onchain mindshare (which also takes into account volume) was led by AI coins as well, with ALCH leading and newer coins GRIFT and ASYM not far behind. ASYM and GRIFT were also the strongest new AI launches in a bit, with both running to $12mm+ peaks.
Onchain DEX volumes are still trending down, with Moonshot volumes down only and Photon volumes leveling out.
0-5d old tokens with $300k+ of smart ownership included NEOS on ETH along with the below on SOL.
Interesting accounts getting smart follows:
In Partnership with $IO
$IO is #1 in DePin mindshare and for good reason. As both a beneficiary of broader rising AI compute demand along with upcoming AI agent tailwinds, the project has more than 10x’d its daily earnings in the past 3 months. The $IO token now has momentum, especially with broader AI mindshare on the rise and this seems like a trend that will continue for quite some time.
SMART MONEY CORNER - Presented by chainEDGE
SOL smart money was seen bidding AFITR, ALCH and nothing in decent size today
While from a balance perspective, CHILLGUY, FATHA, GRIFFAIN, GOAT, WORM and GRIFT all looked good.
The EVM side of things was led by bids in SPEC and GNUS.
While ETH balances were overall pretty flat over the last 7d.
MEME OF THE DAY
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Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The author may also have positions in the tokens mentioned in the content, so please do your own research.