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Roaring Kitty Returns
In Partnership with Vector Reserve
Vector will be announcing their innovative future of liquid restaking product later this week. This is one of the numerous catalysts surrounding the project, that we covered in this thread from yesterday:
There's a project that has:
- Burned $130mm of its token supply
- Trades below a $10mm market cap
- Has over $27mm in TVL
- And has 2 upcoming product releases / pivots that can bring the market's attention back to the protocol— The Daily Edge (@thedailyedge_)
12:21 AM • May 13, 2024
Roaring Kitty Returns
Roaring Kitty / DFV returns to Twitter, prompting a surge in AMC and GME stocks which have doubled so far. Meanwhile SOL versions of AMC and GME ripped ~7x since his return. The majors also bounced a bit with BTC and ETH each up a few percentage points.
The memecoin supercycle is intact, with PEPE quietly hitting ATHs and MICHI also tapping ATHs. Relative strength throughout the day was also memes across the board:
The WorldPvP game also went live on BASE last night, with USA in the lead. Many CT participants have groaned about the 30 day period of the game, which is much longer than all of our attention spans. Speaking of attention, TG daily volumes continue to show that SOL is the only major game in town topping over $100mm in volume yesterday.
Other upcoming launches & projects to watch:
The Biggest DePin Launch Yet
Io.net is one of the largest platforms attacking the growing gap between compute supply and demand. The team provided an update on their upcoming launch and with the renewed hype around OpenAI and AI in general, its slated to be one of the biggest DePin launches yet.
4/ For more, check our latest report below, unlocked by @ionet
— Blockworks Research (@blockworksres)
6:48 PM • May 9, 2024
SMART MONEY CORNER - Presented by chainEDGE
Memes and AI are the only narratives that matter. AI coins QUIL and SPEC were inflow leaders for the day, along with memes APU, DOG, PEPE, FLOKI and DOGE. SocialFi is the other category to watch (hence some flows into Degen)
Smart SOL traders bid heavily into GME, POPCAT, WIF and MICHI throughout the day
By $5k+ smart holders, WIF leads the pack followed by boden and michi. GME, PUPS and KITTY saw the sharpest 7d accumulation within the group
By $5k+ smart EVM holders, SPEC tops the list with 19 followed by TRUMP. Other coins with interesting 7d accumulation include AIUS, GLQ, basedAI and APU
MEME OF THE DAY
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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.