SOL Survivor

In Partnership with Io.net

IO has now surpassed 250k of verified GPUs on the network and recently announced a partnership with GamerHash. Eli5 recently put together an amazing overview of the current DePin landscape, with some pretty interesting statistics and is definitely worth checking out.

SOL Survivor

While the majors bounce around, falling 2% today, SOL is starting to show relative strength again, bouncing 4% to $153. SOLETH is up 19% and SOLBTC is up 22% since 6/22. Other pockets of strength in CEX coins included ZRO, TON, NEAR and DOT. Speaking of DOT, the token is gaining some mindshare over the past 2 days (but not for the right reasons). Per its treasury reports, DOT has paid $37mm in outreach in 1H-24. ZRO, DOT, WIF and TON were CEX attention leaders for the day, with ZRP the most notable gainer in mindshare the past few days.

On the onchain side, pump.fun has flipped ETH in 24hr fees, a sign of where we are in the market. Onchain attention continues to be dominated by BILLY followed by HERO, MOG, JASON and SCRAT.

Looking over from a more macro view at DEX bot trading volumes, BSC is actually consistently taking volume share (I don’t see anyone talking about BSC on my timeline).

Meanwhile ETH volumes continue their deterioration from their early June highs (and are back to below March levels).

SOL has maintained consistent $100-150mm/day DEX bot volumes, a much more stable casino vs. ETH.

Tokens 10d old or less with $100k+ of smart money interest includes BUD, BOB, JEFFRY and FLORK on ETH. And HERO, SC, SCRAT and JASON on SOL.

Onchain tokens with relative strength today:

• FLAPPY

• BAKED

• BAOM

• GIGA

• SPURDO

• JASON

• FROG

• MAGANOMICS

Interesting new projects getting smart attention (without tokens):

• Abstract

• Futa

• 375ai

• Blink.fun

• Friendcard

• Bercana

• Perena

• TonLayer

• T1

• RWALayer

• Sensys

SMART MONEY CORNER - Presented by chainEDGE

• Weak smart $ flows on the ETH side, with new launch CAPY leading at $117k (and $68k of holdings)

• On SOLWIF, GIGA, USA and ZYN led inflows

• On the top end of SOL smart $ holdings, these traders have been trimming their positions basically across the board, with the most aggressive examples in POPCAT, WIF, michi, Ponke and DJT.

• The real outliers on the ETH side were BRETT and HOPPY with notable 7d accumulation %s.

MEME OF THE DAY