Sol Memes, But on ETH

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Sol Memes, But on ETH

The majors cooled off over the last 24hr with BTC down 1%, ETH down 2% and SOL down 3%. But nearly everything else seemed to be up only. The best performing alts on the day included NEIRO, BANANA, MEW, TURBO and once again, SUI. SUI & NEIRO are also alt mindshare leaders at the moment.

Onchain coins did well on the day, led by EBULL running to $10mm out of nowhere and Moodeng on ETH running straight to $100mm. Other onchain outperformers were memes, led by:

• POCHITA

• GIGACHAD

• WYAC

• TERMINUS

• CATE

• CSI

• SKBDI

• LSD

From a mindshare point of view, FWOG, BITCOIN and SPX were leaders. This is the first time that I can remember ticker BITCOIN joining the high attention ranks. Other newer coins getting attention included SSEC and LABUBU. We’re also starting to celebs launch coins again, with the day’s most notable celeb coin, WAP, from Cardi B.

0-5d old tokens with $100k+ of smart ownership included BRUME, DXY and LABUBU. DEX bot volumes showing a lot of strength so expect things to stay good for now, and again SOL is the primary source of volume.

From a smart follows perspective, new launches WAP and LSD were the leaders on the day. And all top new followed accounts were only memes.

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• New launches with smart money interest on the day included FINE, DXY, LEN and MOTION. Notably FINE and MOTION had the strongest retention trends from smart traders.

• SOL was pretty dry outside of buying into WAP from a new launch perspective.

• EVM smart balances were pretty weak outside of NEIRO, with MOODENG specifically seeing smart balances fall 55% on the week.

• The SOL side also is tilting bearish across the board, with traders locking in profits after the big moves in these tokens (outside of mini).

MEME OF THE DAY