🥂$100k BTC

In Partnership with $IO

ICYMI, $IO announced another meaningful partnership this week, providing GPUs for AI agents to CreatorBid. It’s starting to become clear that AI infra will be the real winner of the AI agent craze, and $IO is well positioned to ride these tailwinds.

🥂$100k BTC

BTC has finally broken $100k and was briefly as high as $103k before falling to $102k currently. BTC dominance has bounced 150bps from the lows, but it might be time for ETH to finally get some attention? ETH was very strong on the day (+5%) and continued to see $100mm+ ETF inflows the last 2 days.

BNB briefly flipped SOL today (and SOL in general has been looking weak). Top 100 price action was more normal with XRP and TRX down double digits and top 100 strength in CRV, AERO, GALA, STX and SAND. AIXBT led non major token mindshare on the day, with other notable coins including BULLY, HYPE and LUNA. Additionally ME dropped their airdrop checker.

Chart of the Day with Vertex

My quant says December is going to be up only for BTC.d, and I tend to believe him. Try app.vertexprotocol.com and trade BTC with up to 20x leverage and ride potential catalysts like the SBR or MSFT adding BTC to its balance sheet.

Onchain coins and specifically AI coins took a beating today, with most down 20%+ including ALCH, AIXBT, Project89, AVB, CHAOS, Chaos (base), Binary, BULLY and UBC. There were pockets of strength however, in some AI coins (notably GRIFFAIN), but mostly in memes like SKI (which has been up only):

• GRIFFAIN

• degenai

• JAK

• BIAO

• CHIDO

• MEOW

• SCF

• SKI

• scihub

• GIGA

• LUM

• Ai16z

Hawk Tuah girl launched her coin today, which hit $400mm at one point and is already down 90%. The token was heavily bundled, and bundled wallets appear to be selling. VOID and M3M3 were the strongest SOL launches of the day. Overall onchain mindshare was led by newer coins TETSUO and TSOTCHKE, along with other AI favorites like ALCH and fxn.

Onchain health in general has been trending down, with Photon volumes down 68% from the recent peak and Moonshot volumes down 80%. The rise of Base coins has not helped this trend, with Base DEX bot volumes running higher than ETH for the last 2/3 days.

You can also see smart trench traders putting more capital to work on the EVM side, with 0-5d old coins with $100k+ of smart balances led by Base & ETH coins instead of SOL.

Interesting accounts getting smart follows:

• Injective Agent

• stHYPE

• OnlyDate

• Key Opinion Agents

Mantle Breaking Records

The Mantle ecosystem continues to grow and is hitting record highs in TVL. Smart traders are also starting to wake up to the strength of MNT’s network and narrative. When will you?

SMART MONEY CORNER - Presented by chainEDGE

• SOL smart money was seen bidding degenai, JUNIOR and UBC on the day

• Balances have turned bearish on Zerebro while are looking good for LUCE, FATHA, GOAT and DTF.

• EVM smart money was seen buying EMP, LARRY, OLAS and OSMI in size today

• With balances a bit mixed outside of SHRUB, and with decent wallet counts in newer coins NEOS and SOLO.

MEME OF THE DAY