Sidelined?

In Partnership with NAV Finance

Berachain dominates mindshare in this space and the L1 is launching sometime soon. We’ve all seen how the L1 trade works, especially when it has real mindshare & a community, and there is a simple way to get exposure to Bera without having tons of capital to buy the currently listed NFTs. NAV Finance’s Berachain Maximizer gives depositors fractional ownership of Berachain NFTs, getting you direct access to the Bera/Honey airdrop when it comes. Use code Wizard to sign up and to read more about NAV’s thesis around Berachain, check it out here.

Sidelined?

Another very good day for crypto with BTC up 2% to $63k, ETH up 3% and SOL up 5%. Outperforming alts continued to show strength, led by KAVA, TURBO, MEW, DYM and TAO which were all up double digits on the day. Despite what feels like a clear change in the market over the past week or so, it still appears that engagement, excitement, etc is pretty mixed.

It was also a day of exploits, with Banana Gun and other TG bots seeing wallets drained due to an iOS telegram compromise. While the exchange BingX was also exploited which caused selling pressure in certain alts. Larger alt coin mindshare looks like a great shopping list of strong coins led by NEIRO, SUI, POPCAT, TIA and TAO.

DEX bot trading volumes have bottomed and are forming a godly half pipe, and you are starting to see more new launches actually do well. Notably this strength continues to be led by ETH.

Onchain coins with relative strength included:

• hehe

• XMW

• DOGE

• BILLY

From an onchain mindshare perspective, Mog is back to leading with MOODENG seeing some attention shift away. Other consistently high attention tokens to watch includes BILLY, SCF, wDOG and FWOG. 0-5 day old tokens with $100k+ of smart ownership included MISHA and XMW.

Interesting projects getting smart follows:

• Lunch

• Pawperps

• Words.fun

• WeBera Finance

• Morti

In Partnership with $IO

$IO continues to see staking momentum, hitting nearly $12mm today while daily network earnings also look very strong. This comes at a time where the GPU industry as a whole is starting to see a transition back to scarcity in both A100s and H100s → with the momentum the alt coin market is now finally seeing, $IO is positioned to be a leader & outperformer in the DePin category.

SMART MONEY CORNER - Presented by chainEDGE

• EVM smart money volumes looking strong again, led by buys on mfer, NATI and AXE

• On SOL, buys were concentrated into high attention memes

• SOL smart balance trends tilting bearish after this move, with only strong accumulation in MEW, FWOG and mini.

• On the EVM side, QUIL, MOG and WOJAK all looked good from a smart money accumulation perspective.

MEME OF THE DAY