Silly Szn

In Partnership with $IO

$IO has risen to the top of DePin mindshare (per Kaito). Between the ranging price, recent Coinbase listing and the ever growing list of demand side partnerships, things are feeling quite bullish for this platform.

Silly Szn

The majors are catching a bid this morning, with BTC up 2%, ETH up 3% and SOL +5%. But in reality it feels like a “tale of 2 markets”. For people that only trade the majors or top 100 coins, I’ve seen people calling the market “boring”. And this boredom can be illustrated by looking at alt coin dominance which is actually down over the last 12 months and peaked in the March frenzy for the year.

But in the onchain world, things are definitely feeling pretty silly. GOAT, the token launched by the a16z backed AI agent just went to $130mm+ or a 10x from Friday. While Murad’s List memes like LOCKIN continue going straight up (LOCKIN went from $11mm to $88mm in the last 30d).

And strong onchain coins were all up 50%+ including:

• morud

• GOAT

• DOLAN

• KEK

• speed

• glorp

• GME

• Neiro (sol)

• BTW

• CRAI

• LMEOW

GOAT continues to be the clear leader from an onchain mindshare point of view. But some notable newer tokens were also seeing some attention including Marie, WAP and COOK.

DEX bot trading volumes has remained very consistent for a few weeks now at ~$130mm/ day - again, look for some sort of hyper peak at $300mm+ to know when memes are likely topping out.

0-5d old coins with $100k of smart ownership included GOAT, RUSSELL, MARIE (on eth) and ETHARDIO.

Interesting projects getting smart follows:

• AIHegemonyMemes

• Project Aeon

• Product.fun

• Plasma

Mantle’s Big Q4

People are sleeping on some of the cool stuff coming to the Mantle ecosystem this quarter, including more COOK airdrops (via cmETH), the Mantle buildathon (applications are open). And the upcoming listing of the COOK token 👀. For a full list of ongoing Mantle developments, read more here.

SMART MONEY CORNER - Presented by chainEDGE

• MARIE, CULT and ETHARDIO were the ETH new launches with material smart money involvement

• While on SOL, ALPHA and Marie were the only notable launches with SOL smart money holding

• Smart SOL balances looking pretty good over the past week, led by accumulation in MEW, mini, LOCKIN and aura. And with GOAT quickly climbing into the top 10.

• A little more boring on the EVM side outside of material accumulation in BITCOIN (another Murad’s List token).

MEME OF THE DAY