Are You Not Entertained?

In Partnership with Io.net

The $IO TGE is finally scheduled for June 11th on Binance Launchpool. The biggest DePin launch yet is finally coming to market, and Binance put together a very helpful report on the project, which you should check out here.

Are You Not Entertained?

I can’t tell if people are tired, sidelined or stepped away for the summer, but things are getting quite fun (and silly) out there. While people lose their minds watching the majors chop around (there was $75mm of liquidations today on a sub 1% BTC move), onchain coins have been on fire. MOTHER tapped $200mm today, MOG nearly hit ATH, and LOCKIN hit ATHs as well.

Roaring Kitty’s GME position is almost worth $1bn now, with the stock hitting $61 in after hours trading. While the onchain GME tokens on both ETH & SOL surged during the day as well.

Onchain attention the past day or so has been concentrated in PeiPei, MOTHER, PRIME and MAGA (quantified using CT & TG mentions + onchain attention metrics).

From a daily TG trading volume basis, SOL has been roaring back, taking relative share back from ETH, BASE & BSC.

New Ass meta launch MAMI is getting a lot of attention this evening, with the token running to $8mm so far. Other onchain strength was seen in DFV eco coins along with SOL and ETH memes. Pandora also caught a bid today:

• KITTY

• GME (eth)

• GME (sol)

• RYU

• AMC

• WYAC

• PEIPEI

• KEK

• PANDORA

• LOCKIN

Smart money has 6 figure bags in the following sub 10d old SOL coins, including Sphynx, WYAC and SHARKI. Notably MOTHER balances have seen profit taking into the pump.

Some interesting new projects getting smart attention (without tokens):

• GildedHonor

• Moonthat

• Memechan presale

• Radiux

• Wara

• Pocket Protector 

What were the most interesting 10 trades from smart money during the week + 10 interesting smart wallets?
Read more here.

2 Weeks Until The Future of Restaking Begins

Attention is clearly shifting towards Karak in terms of restaking mindshare, and Kernel Protocol will be first to market with a suite of Karak-native LRTs including ksETH, krETH and kUSD, which will be launched on 6/17.

SMART MONEY CORNER - Presented by chainEDGE

• Notable smart EVM buys into TAO, TRUMP and MAGAA today. While WHY on bsc led outflows

• SOL smart flows were seen into USA, HULK and KITTY

• At the top end, SOL smart balances remained relatively unchanged, with GME cracking the top 10 by $ held today

• BOBO & PEIPEI are the most notable things here, with these 2 finding their way into the top 10 by total $ held by smart money today.

MEME OF THE DAY