Who SOL.D?

In Partnership with io.net

$IO was featured as a unicorn startup in TechCrunch today. Additionally $IO’s CEO was recently on the Defiant podcast where he discussed the network’s vision and competitive positioning.

btw.. the $IO for 2 days in a row has been top 10 in relative alt strength.

Who SOL.D?

The market is healing, with ETH down again and BTC (+2%) & SOL (+7%) up. SOL dominance in particular is already nearly back to all time highs and SOL/ETH closed at daily highs today. Lighter newsflow day, with the BOJ folding on any more rate increases and ETHA gets another $100mm of inflows, bringing it to ~$900mm in the past 2 weeks. From the bottom, SOL, PENDLE and TAO were by far the strongest.

Relative alt strength was seen in MEW, NOT, PENDLE, TRB, JUP, TAO and IO. With 1d leaders in mindshare gains including CRV, PENDLE, MEW, DOG, BRETT and NOT.

The onchain market continues to be easy with chainEDGE, with new launch wDOG (which we flagged yesterday) up 5x to +$20mm today. wDOG and GINNAN were far and away the onchain mindshare leaders, followed by the usual suspects in SCF, MOG, MUMU, BILLY, FWOG and lockin.

The strongest coins over the past 24hr were memes (again):

• wDOG

• BILL

• HABIBI

• yawn

• GINNAN

• WAI

• ZACK

• NEIRO (eth)

SOL dominance in the DEX bot trading volume world continues to rise while ETH loses share. Onchain volumes in addition spiked again today, which is an encouraging sign.

Tokens aged 0-5d with $100k+ of smart holdings (aka new launches to watch) included just wDOG at $855k (wDOG is up 5x since we mentioned yesterday).

Interesting new projects getting smart follows:

• pain

• Duper

• Predict.fun

• Gmon.fun

• Satspump.fun

• Onchain Heroes

• HyperSwap

• Kayra

• Alphaline

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SMART MONEY CORNER - Presented by chainEDGE

• EVM smart money flows have been quite weak, but there was some notable bids in BRETT, RCH and SPEC

• SOL smart buying was led by MANEKI with $113k

• Michi takes the crown back for the token with the highest smart dollars held, while BOLLY, PONKE and wDOG show the most interesting accumulation trends. On the smaller end, GINNAN and aura were also accumulation standouts.

• On the EVM side only PEIPEI saw notable accumulation, with most other balances down only. With NEIRO balances falling 55%, MOG 25%, TRUMP 19% and MIGGLES 15%.

MEME OF THE DAY