Do You See what I SUI?

In Partnership with $IO

$IO has rolled out plans for its staking mechanism, which will help prevent GPU spoofing, ensure network stability and reward $IO stakers. This is another exciting development for the $IO ecosystem, following the major partnership with Leonardo AI from last week.

Do You See what I SUI?

Pretty good day for the majors with BTC up 1%, ETH up 7% and SOL up 3%. ETH/BTC is up 8% from the 3+ year lows last week as well. Alt outperformers included SAGA, CRV, SUI and TIA. With SUI soaking up a bunch of mindshare on the CT timeline (which has spiked to ~10% which is very high for perps). SUI was also the biggest 1d gainer in mindshare, after CRV and TRU.

In the onchain markets, ETH coins have been attention gainers, led by MOG and TRUMP, while on the SOL side SCF, RETARDIO and GINNAN were the biggest 1d mindshare gainers. Overall mindshare leaders today were MOG, SCF, GINNAN and wDOG. Trump related coins also caught a small bid into his Twitter Space this evening.

Onchain relative strength:

• MIND

• UWU

• BAR

• wDOG

• yawn

• MAGA

Onchain DEX bot volumes have been trending down from the August 8th peak, but ETH’s relative share gains over the past day have been quite notable.

Tokens aged 0-5d with $100k+ of smart holdings (aka new launches to watch) included just KABOSU on ETH and no coins on SOL.

Interesting new projects getting smart follows:

• Dawn

• Aequor

• Neiroshi

• Nucleus

• Weweswap

• Vultisig

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SMART MONEY CORNER - Presented by chainEDGE

• Boring day of EVM smart money swaps, with ENS and NEIRO leading and some small gambles on TrumpX

• SOL smart money notable were buyers of POPCAT, nub and KEN on the day

• On the top end, SOL smart money have been taking balances down across the board in everything except for wDOG and SCF (very notable). On the smaller end just BTW and KAMA had bullish accumulation trends.

• Pretty similar story on the EVM side, with most balances down at the top end, led by 20%+ declines in NEIRO and MOG balances. On the lower end, accumulation into STONKS and KABOSU were interesting.

MEME OF THE DAY