BTC Reclaims $85k

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IO continues its network earnings momentum, growing 18% in the past month. Meanwhile the BD team also keeps signing meaningful partnerships, with the most recent from Theoriq

BTC Reclaims $85k

Once again, it’s starting to feel like BTC + the trenches are back. BTC traded up to $85k while equities rallied nearly 1% on the day. ETH remains stuck at ~$1.6k and SOL stuck at $130. If you’re looking for some hopium, check out this BTC/NVDA chart.

In bigger alts, good coins were up double digits while bad coins continued their decline (incl OM down another 27%). Fartcoin led the top 100 alts again and is nearly back to $1bn. Also, make sure to pay your taxes…

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While alts continue to mostly chop (and BTC dominance is up to 64%), onchain continues to heat up. The SOL trenches have seen a lot of new runners including:

• memecoin at $9m

• DICK BUTT at $2.8mm

• jobcoin at $2.4m

• SOLEY at $4.2mm

Existing coins also continued their accumulation including DARK, CheeseX, pppp, jockey, Ghibli, PVS and REI which were all +30% or more.

memecoin was the largest onchain mindshare gainer on the day, and the overall high attention list continues to be a good hunting ground for runners (house, DB, PVS, titcoin).

TG trading bot volumes have continued their newfound strength from the lows, led by SOL. Volumes on moonshot also hit their highest point in over 2 weeks. We’ve still got a long way to go, but things are most definitely improving.

Interesting accounts getting smart follows:

• Bald Protocol

• Bench

• Niggaverse

• Stitch

• bariff

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• Slowly but surely seeing smart money come back into the market, led by 12 wallets accumulating $380k of memecoin

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