Smoking Chicken Fish

In Partnership with io.net

IO has partnered with Compute Labs, which tokenizes GPUs (specifically H100s) into GNFTs. This allows people to get direct, fractionalized exposure to GPUs and the growth of AI. Compute is currently having its presale and has already seen 100,000 people join the waitlist.

Smoking Chicken Fish

The majors finally seeing a bit of a relief bounce with BTC up 5%, SOL up 4% and even ETH up 3%. ETH inflow data (excl ETHE redemptions) so far has actually looked pretty good and if it sustains, will be bullish once ETHE redemptions are done.

After over $300mm of liquidations yesterday, the market is healing and quite a few alts were up double digits including SATS, PYTH, JITO, ORDI, STX, POPCAT, BONK and MEW. From an attention point of view (CT mentions + perp volume), WIF was the biggest 1d gainer in mindshare followed by XRP and AAVE. MEW on the other hand was the biggest 1d mindshare loser.

Onchain trading continues to be fun + profitable, with newer launch SCF (smoking chicken fish) surging to #3 in onchain mindshare and running to $44mm ATHs. MUMU is the market’s mindshare leader, and is hitting ATHs.

We specifically called out MUMU as one of the best positioned memes in our recent premium research, which is up 3x on massive liquidity since..

Other high attention tokens of interest include MOG, PARRY, aura, SELFIE, WOLF, michi, mini, lockin and hehe. And in terms of 1d mindshare losers BILLY, KAMA and lockin led the way.

Onchain coins with relative strength were primarily high attention SOL memes:

• SCF

• MUMU

• MAD

• SWAG

• aura

• WOLF

• SELFIE

• GUMMY

• nub

• SIGMA

• RETARDIO

DEX bot trading volumes were down 35% on the day, with SOL dominance rising to 70%.

In terms of tokens aged 0-5d with $100k+ of smart holdings (aka new launches to watch), PC, RARE and BAR on ETH were notable while on SOL there was just quant. Notably SCF is up ~2x from our last mention of it in this data (it continues to be the best smart money signal).

Interesting new projects getting smart follows:

• Kuru

• Dumpy.fun

• Son

• The Arena

• Narrative

• Vector.fun

• Npc Labs

• MetaLayer

• Over/Under

• ChainATM

LBP to Watch: Magnify Cash

The LBP for MAG is now live. Magnify Cash is a Decentralized Credit Market that supports lending in any currency, against any collateral, on your own terms. Its product is already live on Base testnet, with mainnet launch at the end of July. What’s cool about MAG is that it can support both onchain assets and RWAs (like real estate and luxury items). Learn more here.

SMART MONEY CORNER - Presented by chainEDGE

• MOG, BRETT and RCH led EVM smart buying on the day

• While WIF, BRAINLET, BILLY and BROKE led smart buying on SOL

• SCF rises to #6 by smart $ held with just MEW and LOCKIN seeing positive accumulation (though these have also been trending down). In terms of abnormal accumulation, just MANEKI and BRAINLET saw 80%+ 7d accumulation trends

• MIGGLES now up to #3 by smart dollars held, with balances stabilizing. ANY, PEIPEI and BOBO all saw notable balance increases as well.

MEME OF THE DAY