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SOL ETF & MOG ATHs
In Partnership with Io.net
The GPU supply bottleneck is a multi-trillion dollar opportunity that IO is positioned to help solve. The IO network, with its instant and permissionless access to nearly 225k verified GPUs on the supply side, along with unmatched pricing, availability and speed, competitively positions the network to help AI teams with their GPU needs. With AI model costs rising to material %s of GDP, this unmatched offer will continue to attract interest on both the supply and demand side.

SOL ETF & MOG ATHs
The manlets are euphoric after VanEck files for the first SOL ETF, sending the token up 9% on the day. BTC & ETH were also up 1-2% to $61k / $3.4k. In the onchain world, MOG tapped ATHs (and is leading overall market attention in terms of CT & TG mindshare + onchain metrics). Within this “high attention” group, MICHI and BILLY have also put in ~50% moves in the last 24hr.

Politics coins are moving into tonight’s presidential debate, with TRUMP & MAGA up double digits. The hyped borpa meme token also launched today (and so far has been down only after the initial sniper spike). Roaring Kitty is back to posting memes (and someone from his team seems to be pump and dumping SOL shitcoins).
Daily DEX bot volumes have held up ok despite the weak sentiment the past few weeks, averaging $100mm+ daily, which is 2-3x higher than the December-early March period. ETH share has notably been resilient after bottoming in late March.

We wrote about MICHI taking the top spot in our SOL smart money holdings data yesterday, and since the token has run another +60% or so. Following holdings data continues to be one of the best signals in the market currently.
$michi flies to the top of the @ChainEDGE_io smart $ holdings table -> proceeds to run another +60%
Don't get chopped up gambling on leverage or new launches and just follow the $$$
— Onchain Wizard (@OnChainWizard)
6:19 PM • Jun 27, 2024
Relative strength was seen only in high attention tokens (who would’ve guessed), with outliers seen in:
Interesting new projects getting smart attention (without tokens):
SMART MONEY CORNER - Presented by chainEDGE
Outside of new launch PEP, most notable flows were into APE and TON from EVM smart money

On SOL, MEW and MANEKI were outliers receiving all buy flows in decent size

We’re seeing profit taking in some of the recent runners, like michi, popcat and BILLY, each seeing smart balance declines. MICHI still holds the top spot with nearly $6mm of smart holdings. DJT notable still has $1.3mm of smart holdings, though balances have been trending down

On the EVM side, MOG has flipped TRUMP for highest smart $ holding (and would be number one excluding 0xaf’s blacklisted $30mm PEPE bag.

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Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The author may also have positions in the tokens mentioned in the content, so please do your own research.