- The Daily Edge
- Posts
- Neiro Hits ATHs
Neiro Hits ATHs
In Partnership with $IO
$IO partners with Leonardo AI and its 16 million users (before another 100mm from recent partnership with Canva). Read that again: AI used by millions of users is being powered by the IO network, which should boost protocol earnings and ultimately the $IO token.
Neiro Hits ATHs
The majors are getting hit as the conflict in the middle east intensifies. BTC & ETH were down 3% on the day while SOL was down 6%. Other important news flow included:
In terms of alts, MEW and NOT were flat in a sea of red, while WIF, BOME and BONK were all down 8%+. TRB and KAS were the biggest outperformers in the alt ecosystem and also were the largest 1d mindshare gainers outside of XRP.
We’re starting to see a revival of ETH coins in the onchain landscape, driven by Neiro running to $180mm highs today. Mindshare gainers on the day were GINNAN, MUMU, and TSUJI. Other high attention memes to watch included FWOG, SCF, MOG, michi, aura and BRAINLET.
Onchain relative outperformance:
DEX bot trading volumes down 50% on the day, with ETH dominance on the rise and with SOL losing some share.
In terms of tokens aged 0-5d with $100k+ of smart holdings, NERIO, yawn, TSUJI and KEN on ETH were notable. While on SOL there was FWOG flipping Neiro, and GINNAN rounding out the list.
Interesting new projects getting smart follows:
LBP to Watch: Lumoz Node Sale
Lumoz is one of the largest modular compute layer networks with over $4bn in TVL. Lumoz nodes have been selling out quickly, but 3,500 Tier 4 nodes are now available via its node sale launch on Fjord. Nodes provide numerous reward mechanisms, including direct token rewards, Lumoz points and potential ecosystem airdrops. Learn more here.
SMART MONEY CORNER - Presented by chainEDGE
TAO, PEIPEI and BANANA ETH smart money leaders on the day
While on SOL was led by flows into FWOG and IQ
MUMU, PONKE, SELFIE and LOCKIN were all notable SOL memes with positive smart $ accumulation over the past week. While the rest of the top end list saw smart balance declines. On the smaller balance end, aura and BRAINLET each saw notable smart balances rising as well.
On the EVM side, NEIRO has risen to #2 by smart dollars held, while MIGGLES and PEIPEI continue to see smart balances rise. On the lower end, PEAS and BITCOIN both saw notable accumulation.
MEME OF THE DAY
Like this content? Make sure to subscribe and always be up to date on the fast paced degen market
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.