Silly Szn in Full Force

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Silly Szn in Full Force

I don’t want to be that guy but we’re sure getting a lot of top signals today. BTC hit another ATH tapping $93k and flipping Saudi Aramco to become the 7th largest asset in the world. Recent Binance listing PNUT has run to $2.6bn. PEPE & WIF got listed on CB today (after them not listing a meme since BONK), which got PEPE to run past $10bn. The Coinbase app is now top 10 overall in the iOS app store and #1 in the finance category.

Top 100 strength on the day was led by PNUT, PEPE and MOG. While ETH & SOL were essentially flat.

The BTC ETF flows have slowed down a bit to $500mm on the day vs. their $1.4bn on 11/7. ETH Flows still look very good and are running at $100mm+ per day.

PNUT, DOGE and PEPE were by far the perp mindshare leaders on the day. And it is now basically all memes (outside of XRP, APE and SUI) on the attention leaderboard.

Looking at volumes on Coinbase, it is notable that Bonk had nearly double the volume of PEPE (and WIF had $16m of volume…)

Moonshot saw another day of record deposits, with both users and fees/volume surging in the last 3-4 days. Notably the most traded tokens on Moonshot were FRED, PNUT, LUCE, RIZO, PIPPIN and PETUNIA. Not an exact science here (and I just started tracking this) but it could suggest that petunia and pippin are future $100m+ runners if this amount of retail attention keeps up.

High mindshare onchain coins not already discussed include Ban, Bert, and SHRUB (which Cobie bought and has started soft shilling / trying to get Elon to tweet about it). A LOT of coins are running straight past $200mm, including the one and only Fartcoin which just hit $260m.

DEX bot volumes are hitting new local highs of $270mm, the highest since June and around the consistent March levels.

Onchain strength was seen primarily in SOL memes (and SHRUB on ETH).

• Bert

• Wally

• petunia

• OPK

• FRED

• Jorgie

• DOGE (sol)

• Banana

• Shoggoth

• LUM

• ban

• SHRUB

0-5d old tokens with $200k+ of smart ownership included MEME on ETH, along with the below coins led by Banana, Jorgie and pippin.

In Partnership with $IO

$IO traded up 25% in the last week, making it one of the strongest out of all the major DePin coins. And this was likely driven in large part to the massive amount of growth the platform has been seeing in daily network earnings, which continue to break ATHs and currently are at $33k. I don’t know about you but it’s hard not to be bullish on $IO.

SMART MONEY CORNER - Presented by chainEDGE

• Neiro and FLOKI were smart money favorites in terms of buying on the day

• While from a # of $10k+ smart holders perspective, SHRUB and DOGE continue to lead

• On SOL, looking at # of $10k+ smart holders, Shoggoth, CENTS and pippin are likely the most notable here

MEME OF THE DAY