Munchables Hacked & More Onchain Drama

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Munchables Hacked & More Onchain Drama

Major news today with Munchables, the gaming project on Blast, compromised for ~$63mm. There were talks of Blast rolling back the chain, though it sounds like the funds may be recovered.

SOL volumes spiked over the last 24hr, hitting $218mm while BASE was near ATHs at $48mm. ETH TG trading volumes were soft yet again at just $22mm, down 73% from their 3/11 highs.

We saw another late night SOL meme, MEW, run to nearly $300mm before retracing ~67% as of writing. During the day we saw strength in SOL, BASE and ETH coins, with new launches NTD and COSMIC on ETH performing well - though NTD was launched with some highly extractive characteristics, including blacklists and 95% sell taxes for multiple hours. The project has generated $1.7mm in taxes thus far.

Other notable strength throughout the day was seen in

• CSWAP - which was up 135% to a $38mm FDV on $4mm of volume

• BENJI - this Base meme rose 114% to $40mm

• LNDX - RWA project that doubled in the past 24hr to a $194mm FDV

• ROOST - The Base presale token that netted presalers 3-7x gains was up 68% to $116mm

• NORMILIO - Base meme +60% to $20mm

Some upcoming launches that may be watching include:

• BASEDP

• YAI - which launches on 3/27

• CTC - presale gaming project launching sometime this week

• FerdyFrens - mint on 3/29

Smart money favorites (as measured by number of $10k+ holders) on ETH are primarily AI/DePin tokens, led by SCALE, OPSEC, ZKML, BLENDR, TPU and DEAI. Within this group, notably TPU has seen smart balances increasing over the past week by 51%

On Base, we’ve seen mostly smart money taking profit on its main positions like DEGEN, TOSHI, DOGINME and NORMIE. Newer token NORMILIO is a smart money favorite as well, and notably we’ve seen strong 7d accumulation trends in BPS.

WHAT TO WATCH TODAY

• Munchables funds appear to be safe

• YAI - launch on 3/27

• YIELD bouncing again off the $8 lows to $11 as of writing

• Sofamon - beta is live for this TG sticker project, which is getting a lot of smart attention

• MEW - Will this new SOL meme speedrun catch a bid after being down only from its peak

• New Shiny Coins - COSMIC, ROOST, NTD, RUDES, LEZGI

• BRETT hit $500mm on nearly $10mm of volume

• BASE Memes - BENJI, NORMILIO and BPS all look very strong and are sub $40mm FDV

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THINGS TO KEEP ON YOUR RADAR

• SatoshiSync - IDO upcoming next week

• Bobaoppa - some potential memecoin on Blast with a ton of smart X followers

• TaoTrade - TPAD has announced its next launchpad sale, TaoTrade, a platform for leveraged derivatives for the TAO ecosystem. The sale is slated for the end of the week, and given the performance of TBANK, is worth watching

• CTC - TGE sometime this week

• RIVUS - LBP starts next week

• The Singularity Welcoming Party - Raised 15k Sol in a presale, so look out for a launch

• FerdyFrens mint on 3/29

• Neura - AI blockchain powered by Ankr

• MyPrize - First online crypto casino with multiplayer experiences that just launched their Xp farming campaign

SMART MONEY CORNER - Presented by chainEDGE

• Smart money was seen buying NTD, AMPL, NMT, ETHFI, COSMIC and DUSK over the past 24hr.

• EVM selling was seen in ILV, ROOST, PAAL, CSWAP and ARCX, each with $150k or more of net selling

• SOL smart money (beta) was seen buying SHDW, MEW and SLERF

  • Side note: SOL will be out of beta in the next few weeks

  • SOL smart selling was seen in WIF and MYRO

• The new launch market is picking up again, with 5 tokens seeing $100k+ of smart buys in the past 24hr.

MEME OF THE DAY