NVDA, AI & Privacy

Today’s Post Is in Partnership with Shutter

Our on-chain activity matters. How can we protect ourselves from malicious MEV, censorship and vote manipulation? Enter Shutter Project, a pioneering solution that uses innovative threshold cryptography to safeguard transactions and ensure integrity; easily plugged into any smart contract. ShutterDAO 0x36 oversees revenue collection, estimated at $50M - $4.7B annually. Become a Shutter DAO 0x36 member today and Shutter Token (SHU) holder by participating in the SHU Liquidity Bootstrapping Pool here.

NVDA, AI & Privacy

NVDA reported earnings this afternoon which beat consensus expectations, which is leading to a bounce broadly across AI coins. Strongest tokens over the past 6hr include:

• COMAI +21%

• AEGIS +21%

• TPAD 19%

• AGIX 16%

• BAI 15%

Another meta picking up steam is the privacy narrative, following the FixedFloat $26mm hack (or some have theorized seizure). Coins to watch here include ZKML & WHIRL. And maybe ELO (privacy L1) as a dark horse?

The new launch market continues to be weak, even including the very soft re-launch of PLT/Palette, which has been down only since its launch, falling to just a $8.2mm market cap at writing. After a tweet by McDonalds, we’ve seen a memecoin pop up WcDonalds, which has run to a $3mm market cap already. The other somewhat interesting launch today was Build AI, which allows users to build their own AI bots. Its currently trading at a $900k market cap and saw $40k of smart buys throughout the day.

Chart of the Day:
Coinbase retail trading volume is still a fraction of peak bull market levels, but does suggest that retail is starting to come back.

Aggregate degen volume today outpaced Solana 2x, one of the biggest spreads observed since Solana szn took off in late 2023.

WHAT TO WATCH TODAY

• AI COINS bouncing after NVDA earnings.  

  • In terms of performance since earnings, strongest coins include COMAI, AEGIS, TPAD, AGIX and wBAI

  • Smart money favorites include TAO, OLAS, MND, AGRS, wBAI, and ENQAI

• ERC404s

  • PLT - relaunch looking very weak, but may pick up momentum if PANDORA performs well

  • GEM on avax shooting higher this evening, hitting $3.3mm market cap

  • ASTX could be potentially bottoming and is the only real DN404

  • PANDORA

• ONDO hitting ATHs, finally breaking out and currently trading at $0.37 or a $3.74bn FDV. 1 ONDO = 1 CONDO?

• ZKML - A lot of attention on this one given the uptick in the “privacy” narrative. WHIRL also fits into this category, along with maybe ELO

• AITEK - seeing some more TG groups talking about this memecoin leveraged trading project

• SHUTTER LBP - This MEV project has an ongoing LBP

• FP - Forgotten Playland by BEAM launched today and is currently trading at a $653mm FDV

And In Partnership with Crypto Tax Made Easy

Want an aspirin for your crypto tax headache?

Crypto Tax Made Easy helped over 200 crypto investors reduce their capital gains by $21.8 Million last year.

If you want an expert to wade through your trades instead of doing it yourself:

Request a quote today

THINGS TO KEEP ON YOUR RADAR

• BEOBLE - SocialFi project launching next week

• CADENCE mainnet launching on February 27th

• FURNACE - upcoming hyped 404 launch

• INS - free mint on February 23rd

• ORDIBANK launches its Ape Terminal IDO

• MITOSIS - a liquidity protocol centered around Modular tokens. Limited information, but a lot of smart follows today

• ARCHITEX - Mining layer for BTC and AI networks. Limited info

• Superseed - Unlocking the economic value of Layer 2s

• chainEDGE Live Stream - if you want to see me walk through how I’ve been using smart money data to discover profitable tokens, check out a live stream I did this week on Twitter & Youtube

If you’re looking for the next new launch or rotation, chainEDGE streams the activity of the top 0.01% of traders to help give you an EDGE in today’s market. Sign up today before SOL smart money data goes live

SMART MONEY CORNER - Powered by chainEDGE

• We’ve seen strong accumulation trends across AI coins for both the last month and some over the past week. RSTK has also seen a spike in smart money interest, as has COMAI, TRESTLE and ELO. ZKML notably has seen smart balances down 43% over the past week.

• Smart money was net buyers of AGIX, STRK, MOBY, FP and WcDonalds over the past 24 hours

• Sellside flows were seen in ENQAI, PLT and ONDO.

• Today’s trader highlight of the day is a Gem Spotter with $131k of total PnL in the last 6 months, and big wins in PANDORA and MUBI. Their biggest holdings are GLQ and WHIRL.

MEME OF THE DAY
Credit to @Melt_Dem