Relief Bounce?

+ Pwease, DRB and BNKR are the Onchain Holy Trinity

In Partnership with f(x) Protocol

Did you know you can trade with up to 7x leverage + liquidation protection + zero funding? With f(x), you can take advantage of the current market volatility using these features and more. Try it out at https://fx.aladdin.club/v2/trade/

Relief Bounce?

For the first time since the election runup? BTC is actually leading equities. BTC traded up 3% to $82k while QQQ was still down on the day. Tomorrow morning’s CPI report will likely drive some volatility but this strength is definitely notable, especially in the context of the US proposing new bills to buy 1mm BTC over the next 5 years.

SOL & ETH were basically flat on the day, though alts are starting to see some relief bid, led by strength in BANANA, GIGA, JELLYJELLY, KAS, TIA, TAO and PEPE. MOVE was still the best top 100 performer on the week at +20%. The Bubblemaps token also launched (and was hilariously heavily bundled) - the token has traded mostly down only and currently sits at a $100mm FDV.

Chart of the Day with Vertex

TIA bottom is in….? Hard to really say if the coast is clear for alts, but the chart sure looks to be bottoming (and was one of the strongest tokens today). Try app.vertexprotocol.com and trade TIA with up to 10x leverage.

Things onchain are starting to see slow signs of improvement. pwease, DRB and BNKR are leading onchain strength and a few older coins have stopped going down (like GIGA and Fartcoin).

pwease and new launch PROMETHEUS were the onchain mindshare leaders of the day on SOL. The trenches are still pretty weak however, with prometheus only trading at a $2.4mm FDV.

Chat to Earn w/ Mantle

Trench trading volumes are still very depressed but today was still a small improvement from the bottom.

Interesting accounts getting smart follows:

In Partnership with INFINIT

If you’re looking for something to tinker with during this drawdown, check out all of the innovative infrastructure that INFINIT has built. You can build dapps, launch tokens and deploy AI agents all from INFINIT (and you earn airdrop points too for using).

SMART MONEY CORNER - Presented by chainEDGE

  • pwease was by far the smart money favorite on the day with the token seeing some actual larger buy flows

  • These 5 coins (excl TRUMP) continue to be the only things that smart money holds → and this has provided a good signal with pwease and Fartcoin among the leaders on this small bounce back

MEME OF THE DAY

Like this content? Make sure to subscribe and always be up to date on the fast paced degen market

Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The author may also have positions in the tokens mentioned in the content, so please do your own research.