$73k BTC, LUCE and TEE

In Partnership with Vertex

VRTX token holders are basically at ATHs, despite what has been a tough market overall for perp coins lately. With BTC itself so close to ATHs, I’d expect alts (and Vertex’s volume specifically) to rise dramatically very soon.

$73k BTC, LUCE and TEE

BTC was up another 2% on the day to $72-73k. BTC dominance hit 60%, the highest since February of 2021. ETH & SOL were essentially flat while a few top 100 alts were showing relative strength, including SUI, SEI, PENDLE and DOGE. DOGE also continues to be the leader in perp coin mindshare. The BTC ETFs also saw a pretty wild day of inflows at $870mm!

Looking over at the onchain markets, it was another day of strength in core memes and newer coins while the market’s favorite GOAT beta plays of a few days ago like Fart, Forest, SHEGEN and memesai were all down 20-50%. ETH notably got its first real AI coin launch with TEE, which has shot straight to $27mm. Another notable observation of the day is that a few ETH coins are finally showing up with relative strength (including Baby Pepe, VISTA and DOGGO). Overall onchain outperformance was basically all memes, including:

• SHIBU

• YOUSIM

• TITS

• Ban

• LUCE

• Project89

• Baby Pepe

• VISTA

• DOGGO

Onchain mindshare is currently led by LUCE (though I think TEE will be leading soon enough). Non-AI memes with high attention included FWOG, FRIDGE, and KEYCAT.

DEX tool trading volumes were still strong after a local peak last week, with SOL still dominating by a long shot.

0-5d old tokens with $100k+ of smart ownership included TEE, LUCE and KIRA.

Interesting projects getting smart follows:

• Fair Fun

• Cult of Tee

• share

• Gruk

In Partnership with Infinit

ICYMI, Infinit announced a very cool integration with Unichain. This will notably help drive fees generated from partner protocols (on Infinit) to INFINIT token holders. Learn more in the thread below.

SMART MONEY CORNER - Presented by chainEDGE

• $200k PnL traders holding $200k in aggregate on SOL included the following coins (with overall positive accumulation trends). LUCE, Nailong, wDOG, mini and aura were all notable

• While on ETH, only DOGE (eth onchain) and JOE fit the same parameters

MEME OF THE DAY