Memestonk Frenzy

In Partnership with Vector Reserve

Vector is announcing their game changer for the future of liquid restaking today. This is one of the numerous catalysts surrounding the project, that we covered in our recent thread:

Memestonk Frenzy

Memestonks and their associated SOL counterparts continue to drive the majority of the market’s attention. AMC stock was up 31% today (pre market it was +150%), GME was up 60% and other memes like SPWR and BB also saw massive moves. All eyes are on April’s CPI data which comes out this morning at 8:30am ET. BTC and ETH have held steady at current levels of $61.8k / $2.9k.

Robinhood recorded 12 month records in equity trading volume on the day while the Wisconsin Investment Board bought some of the BTC ETF. The onchain market has been extremely weak, and it doesn’t help that 20k tokens are launched daily on SOL alone. In a market of increasing dilution, relative onchain strength was seen in just a few names:

• AMC

• GME

• SELFIE

• ELON

• BITCOIN

• APU

The only onchain non-meme that CT is talking about now is QUIL which has been holding steady at a $30mm FDV. Meanwhile in terms of all alts, PEPE is leading the charge, hitting ATHs while trading more volume than SOL & DOGE combined (if you count 1000PEPE). Other interesting upcoming launches/projects includes:

• S33R

• Solayer

• Sundial

• Aloha

• NutUp

• lmaodotfun

• 0xbowio

• Summoning

• Cosmic

• Venice

• Infinex points program started

• Zest

• Peaq public sale

• Zapper

IO x Aethir

Io.net announces 1,000 H100s are coming to the platform from Aethir, which will add additional GPU capacity to its ever growing user base which includes machine learning engineers.

Io.net is attacking the growing gap between compute supply and demand. The team provided an update on their upcoming launch and with the renewed hype around OpenAI and AI in general, its slated to be one of the biggest DePin launches yet.

SMART MONEY CORNER - Presented by chainEDGE

• Notable flows into TRUMP, FLOKI, DMT, FROGE and DEGEN over the last 24 hours from EVM smart traders

• SOL smart money was seen bidding WIF, KITTY, AMC, boden and HAMMY

• By $10k+ smart holders, WIF leads followed by MICHI. But accumulation within the group looked best for boden, nub, GME, SC and PUPS.

• By total dollars held by smart money, TRUMP remains notable at nearly $6mm but wQUIL’s rise to $1mm of smart holdings is also something to watch given how weak the bid has been for new AI related projects

MEME OF THE DAY