Moodeng is Cute Again

In Partnership with $IO

We recently put together a good overview of the long term AI compute tailwinds that is driving $IO usage, while also laying out how AI agents could be an additional bullish catalyst for $IO’s decentralized GPU network.

Moodeng is Cute Again

BTC slipped slightly on the day to $96k while ETH & SOL were basically flat. XRP flipped SOL and Tether, and is currently trading at $2.74. Dino coins continue to dominate top 100 strength, led by HBAR which is up 181% in the last 7d.

XRP is the biggest show in town now, with retail thinking that Elon is going to integrate it into X payments or that it will replace the banking system?

XRP flipped BTC, ETH & SOL in mindshare, while AIXBT leads basically everything else. High mindshare favorites of just last week like Zerebro and Fartcoin are basically gone and in general the vibes in SOL AI coins have deteriorated a lot since Taiki marked the top. Additionally, HYPE traded up to nearly $10 and has sold off ~10% from the peak.

Chart of the Day with Vertex

LINK marines rise up. The token has more than doubled since September and is now 2x from ATHs. Try app.vertexprotocol.com today and trade LINK with up to 10x leverage.

Moodeng got listed on Coinbase and swiftly doubled to ~$600mm, with other viral animal tokens like PESTO rallying along with it. SOL AI coins have been under pressure with most down double digits on the day and down 30%+ as a group from the peak. VIRTUAL peaked at $1.9bn on 11/30 and has fallen ~25% from the top, which sent most Base AI coins down across the board as well. But Base AI winners like AIXBT continue to be a safe space, with the token running to $278mm today. We’ve also seen a slight resurgence in Phantom coins like Rizzmas and PURPE on the day.

24hr onchain strength was led by:

• JONESEY

• PESTO

• BOBLS

• TSUKI

• DNA

• miharu

• BASKT

• MOODENG

• SIMMI

• AIXBT

• EMP

• FRED

• PURPE

• RIZZMAS

Runners of the day included TETSUO which hit $33mm, SHIRO at $446mm and AIXBT’s CHAOS which hit $20mm. Onchain mindshare was led by TETSUO, ZEREBRO, ALCH and Fartcoin, though AI mindshare in general is on the way down.

Moonshot volumes are now down 86% from the peak, down to $5mm today.

While TG trading bot volumes have now clearly put in a peak and are also down 57% from the highs.

Interesting accounts getting smart follows:

• Orbit

• DX Research

• Pond

• SphereOne

• Enron

In Partnership with Tabichain

Tabi recently unveiled its rebranding to "Tabi Reborn". The project wants to redefine the Web3 experience with a tailored framework for consumer chains. You can read more about it here. With backing from Binance Labs and a very successful v1 testnet, Tabi is one of those special projects worth watching.

SMART MONEY CORNER - Presented by chainEDGE

• SOL smart money was seen chasing MOODENG and adding to GOAT & ZEREBRO

• Balance trends looked good for GOAT, MOODENG, PNUT and ALCH and were trending bearish for everything else

• Base AI smart balances were led by CHAOS, VIRTUAL, SIMMI and FAI.

• ETH balances were the most notable for basedAI, SHRUB and XMW.

MEME OF THE DAY