Sun Szn

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Sun Szn

BTC/ETH/SOL were all down 2% on the day. Alt outperformers on the day were TRX, CRV, WIF and AAVE. TRX and the Tron ecosystem are dominating attention at the moment, led by other coins such as SUN and SUNDOG. Other notable mindshare gainers were WIF, AAVE, PEPE, DOGE and BRETT.

The onchain market is all about TRX and the associated Sun memes. Sundog hit $250mm and now we’ve had quite a few other runners including:

• SUNWUKONG

• SUNCAT

• FOFAR

The Tron ecosystem also led DEX coin outperformance on the day with the above coins, SUNDOG and SUN. Notably, Tron DEX volumes were more than 20% of ETH’s or SOL’s today, so this rotation is heating up.

Non TRX attention was led by newer launch KOIN and other more established memes. Most SOL memes were down 10%+ on the day as people rotate away from SOL gambling to TRX gambling.

snoofi on SOL and KOIN on ETH were the only tokens aged 0-5d with $100k+ of smart holdings.

Interesting new projects getting smart follows:

• corn

• Bolt

• Fabric

• Korat

• Gm.fun

In Partnership with $IO

$IO was recently featured in Hackernoon and also just launched its token staking program. While utility coins are out of season, the $IO team continues to make impressive progress on its demand side campaign, landing recent partnerships with Leonardo AI, Sharpe Labs, Envision and Chainbase.

SMART MONEY CORNER - Presented by chainEDGE

• TOKEN was the only coin seeing notable EVM smart buying on the day

• While SOL smart buyside flows were the worst I think I’ve ever seen

• Top end SOL smart balances similarly show the exodus away from the chain, with everything but SCF and wDOG seeing smart balance declines (and both of these coins are getting hammered as well)

• The EVM side had notable outliers in RLB, MOG and KOIN

MEME OF THE DAY