Silly Szn is Back

Mantle UXLINK Rewards Station

Mantle (one of the strongest coins over the last 24hr) has launched yet another rewards program for MNT lock + stakers, this time with UXLINK. 1mm tokens ($1.4mm) are up for grabs and learn more at https://rewards.mantle.xyz/uxlink

Silly Szn is Back

Onchain has already started getting silly across the board, with ai16z tapping $2.6bn, Fartcoin tapping $1.45bn and countless other AI coins running to $100mm+. BTC was up 2% on the day, showing incredible strength vs. a bleeding equities market. SOL was up 4% to $207 while ETH rose inline with BTC at 2%. Top 100 strength was seen in DEXE, SPX (murad) and Fartcoin, which were all up 25%+, along with relative strength in other coins including ENA, CORE, AERO and MNT. BTC dominance is starting its anticipated grind much lower, which would be v bullish for most alts.

Chart of the Day with Vertex

One of my quants thinks ENA is going to $3 after bouncing nicely at $0.90. Try app.vertexprotocol.com today and trade ENA with up to 10x leverage.

There’s so much going on onchain that it is getting hard to keep up. But we’re definitely in some phase of “silly szn” with things like swarms running to $165mm, UOS reviving from the dead to $25mm, and of course the moves in the bigger coins like Fartcoin, ai16z, Zerebro, and Griffain for example (the last 3 notably got Binance futures listings today). SOL coins broadly traded up with strength led by AI projects:

SOL onchain mindshare continues to be highly fragmented as people try to find the next $100mm+ runner across the ever growing list of new AI coins. Attention gainers on the day included AICMP, UFD, SAI, GRPH, Stoic and UOS.

The SOL trenches are alive and well, with 0-5d old tokens with $150k+ balances completely full now and led by BUZZ with 24 $10k+ smart wallets holding $2.64mm in aggregate.

TG bot volumes have also started meaningfully accelerating, and hit $300mm today.

Interesting accounts getting smart follows:

• sizechat

• waveform

• The Hive

• ALIVE

• Hiero

• AOLO

• Red3

• aitruth

• GamerBoom

In Partnership with Tabichain

Exciting times ahead for the Tabi ecosystem, especially with its Mainnet launch this quarter. Notably Tabi will use a unique “attention economy” tokenomic style which I think will help incentivize both developers and users to the network (learn more here)

SMART MONEY CORNER - Presented by chainEDGE

• SOL smart money was seen bidding multiple coins with net flows above $100k

• Balances by # of $10k+ smart holders also looks good, with accumulation in PENGU, SNAI and TSOTCHKE along with tons of new launch gambles on BUZZ, ALIVE, SIZE and SANDY.

MEME OF THE DAY